Who are Kunlun and Qihoo 360 Chinese Companies Bought Opera

Opera, a Norwegian company that develops long an eponymous Web browser, received a bid from a consortium of Chinese companies worth US $1.2 billion. The agreement is pending approval from shareholders and regulatory agencies, but it appears to be closed – the board, including “unanimously decided by the recommendation” of approval. It says a lot about two areas of technology up: web browsers and China.

Who are Kunlun and Qihoo 360 Chinese Companies Bought Opera 1

Opera has seen better days. Today, it is squeezed between Chrome, Firefox and Safari all with increased market share. Its greatest strength, however, is not in direct competition with those, but in low-cost devices used in countries where the internet connection is expensive and restricted. Your data compression technology that allows you to navigate more for less, gained 350 million users, according to the company. The latest product (which is not a browser), Opera Max , promises economy-intensive applications like Netflix and safe navigation thanks to a built-in VPN through Allcitycodes.com. Recently Samsung and Xiaomi announced partnerships that will bring Opera Max pre-installed on some of its smartphones.

Despite the virtues and large user base, compared to standard browsers Opera does not stand out so much. According to Net Market Share in January Opera Mini, more successful version of Opera had 7.28% market share, against 41.57% of Chrome, 34.12% and 11.13% of Safari’s old standard browser Android. In recent years the company, which is based in Norway, tried to diversify its product mix, launching an embedded system for Smart TVs (who even arrived in Brazil in LG handsets) and a digital advertising platform, Opera Mediaworks .

Who are Kunlun and Qihoo 360 Chinese Companies Bought Opera 3

The purchase by the Chinese is an opportunity to expand the Opera. The consortium, made up of the investment firms Golden Brick Silk Road (Shenzhen) and Yonglian (Yinchuan) and the Kunlun and Qihoo 360 companies, will enable a new huge distribution channel (China) for products with the Opera brand. In return, the new owners will be able to offer their products and services to the Opera user base and incorporate their compression technologies, web browsing, and use the Opera Mediaworks.

Kunlun and Qihoo 360

What hangs in the air is whether it will be good for users of Opera. The Kunlun is a relatively new company, publicly traded since January 2015, focused on games – in addition to the popular MMORPG in Asia, it has partnered with Rovio (Angry Birds) and Supercell (Clash of Clans). In early 2016, it acquired 60% of Grindr gay app relationship. According to Chinese analyst Will Tao, Grindr has a user base with higher level of engagement than other profiles, and it may be useful to the Kunlun in the development and distribution strategies of their games.

Out offer little games, the presence of Kunlun does not worry so much. Already the Qihoo 360, yes. This company offers security solutions, a web browser and recently launched a search engine in China to compete directly with Baidu, the industry leader in the country with about 80% of the market.

Who are Kunlun and Qihoo 360 Chinese Companies Bought Opera 2

The Qihoo 360 has been accused of cheating on antivirus testing. They weigh against it also allegations of anti-competitive practices in relation to your web browser and violation of the privacy of users. Aurélio Minerbo, the Baboo website, accusing the company of finance guerrilla marketing tactics to promote their products and depreciating competitors:

Finally, Chinese companies hire Brazilian Internet users to post comments on tech blogs that competing products are bad and have problems while their product is great. Daily blocked several spammers masquerading as users rave about these products in the Forums. This just confirms the “seriousness” of them. Unfortunate.

Who are Kunlun and Qihoo 360 Chinese Companies Bought Opera

In addition to operating in China, Qihoo 360 started to expand through external investments. In 2013, injected $30 million in Brazilian PSafe also specializes in security software, and an unfortunate resemblance time or another involved in polemics – in August 2015, was processed by Baidu for unfair competition .

Opera, despite all the difficulty remain relevant, has an unblemished record of respect for the consumer and focus on relevant functions. It is not known what will happen to their products after the acquisition is completed, which is scheduled for March, but I hope (I cheer for, actually) that nothing changes accordingly.

Gallery

Qihoo 360, Beijing Kunlun Agree To Revised Terms For Opera …

Qihoo 360, Beijing Kunlun Agree To Revised Terms For Opera ...

Source: www.shanghaibeat.com

Opera Gets $1.2 Billion Buyout Offer From Qihoo 360, Other …

Opera Gets $1.2 Billion Buyout Offer From Qihoo 360, Other ...

Source: gadgets.ndtv.com

New Chinese owner plans to enhance Opera browser with AI …

New Chinese owner plans to enhance Opera browser with AI ...

Source: gbtimes.com

Who are the Chinese tech companies bidding to buy Opera?

Who are the Chinese tech companies bidding to buy Opera?

Source: www.techinasia.com

Who are the Chinese tech companies bidding to buy Opera?

Who are the Chinese tech companies bidding to buy Opera?

Source: www.techinasia.com

Chinese firms offer $1.23 bn for Norway’s Opera Software …

Chinese firms offer $1.23 bn for Norway's Opera Software ...

Source: economictimes.indiatimes.com

Chinese Companies Want To Buy Opera For $1.2 Billion …

Chinese Companies Want To Buy Opera For $1.2 Billion ...

Source: www.geeky-gadgets.com

Opera Acquired by Qihoo 360 for $600 Million

Opera Acquired by Qihoo 360 for $600 Million

Source: sensorstechforum.com

Opera Software to sell internet-browser operations to …

Opera Software to sell internet-browser operations to ...

Source: www.chinadaily.com.cn

Investor Group Considering Cutting $9 Billion Offer for …

Investor Group Considering Cutting $9 Billion Offer for ...

Source: www.wsj.com

Opera Browser still safe after being bought out by Qihoo …

Opera Browser still safe after being bought out by Qihoo ...

Source: community.norton.com

Opera gets acquisition offer from Chinese consortium that …

Opera gets acquisition offer from Chinese consortium that ...

Source: www.pcworld.com

Opera gets acquisition offer from Chinese consortium that …

Opera gets acquisition offer from Chinese consortium that ...

Source: www.itworld.com

Opera gets acquisition offer from Chinese consortium that …

Opera gets acquisition offer from Chinese consortium that ...

Source: www.pcworld.com

(Update: deal approved) Opera will likely be bought by …

(Update: deal approved) Opera will likely be bought by ...

Source: www.androidauthority.com

Opera becomes first big browser maker with built-in ad …

Opera becomes first big browser maker with built-in ad ...

Source: ca.finance.yahoo.com

Новости про Opera — МИР NVIDIA

Новости про Opera — МИР NVIDIA

Source: nvworld.ru

Consortium Creating Chinese Opera – PC.com Malaysia

Consortium Creating Chinese Opera – PC.com Malaysia

Source: www.liveatpc.com

Chinese go to the Opera

Chinese go to the Opera

Source: deps.ua

Chinese group offers $1.2 billion for Opera browser

Chinese group offers $1.2 billion for Opera browser

Source: money.cnn.com