Under his leadership, and under the convenient guise of "incubator" and "fintech", Opera launched a similar retail loan-sharking business, focusing on markets such as India, Nigeria and Egypt. then floated on the stock exchange via a SPAC, see our March 2023 article on this subject - and also tried his hand at banking activities specializing in so-called "predatory lending". Founder of Kunlun Tech, a Chinese video game developer listed on the Shenzhen stock exchange, he was at one time the reference shareholder in the gay dating application Grindr - then floated on the stock exchange via a SPACI. Yahui Zhou's background is certainly astonishing. Based in Norway, but registered in the Cayman Islands with subsidiaries in the UK, Singapore and Hong Kong, Opera is in fact controlled by Chinese billionaire James Yahui Zhou. But there's undoubtedly more to scratch the surface and investigate. Cash generation is excellent, and the company has been aggressively buying back its shares for the past two years, in addition to paying a dividend. Open Source software is software with source code that anyone can inspect, modify or enhance.įreeware products can be used free of charge for both personal and professional (commercial use).įreeware programs can be downloaded used free of charge and without any time limitations.Sales have doubled in five years, and Opera has gone from red ink to an operating profit that should reach at least $50 million this year. Programs released under this license can be used at no cost for both personal and commercial purposes. There are many different open source licenses but they all must comply with the Open Source Definition - in brief: the software can be freely used, modified and shared. This license is commonly used for video games and it allows users to download and play the game for free. Basically, a product is offered Free to Play (Freemium) and the user can decide if he wants to pay the money (Premium) for additional features, services, virtual or physical goods that expand the functionality of the game. In some cases, ads may be show to the users. Demoĭemo programs have a limited functionality for free, but charge for an advanced set of features or for the removal of advertisements from the program's interfaces. In some cases, all the functionality is disabled until the license is purchased.
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