Thursday, February 11, 2016

How Opera fits into China´s browser war - William Bao Bean

Did Facebook become a WeChat clone? – William Bao Bean
William Bao Bean
The purchase of the Oslo-based Opera browser by a conglomerate of Chinese companies for US$1.2 billion took many by surprise. Not Shanghai-based VC William Bao Bean, who sees the purchase as a logical step in the fierce competition in China, he tells in Quartz.

Quartz:
Opera has a lot in common with the Chinese utility app makers. Its smartphone browsers, particularly Opera Mini, are designed to appeal to users in poor countries like India, where cheap Android phones are ubiquitous and consumers are price sensitive, CEO Lars Boilesen re-iterated in the company’s most recent earnings call (link to video). Opera Mini has become popular with consumers by compressing data and allowing pages to load quickly and less expensively than other browsers. To date, it has over 100 million users.
William Bao Bean, an investor at venture capital firm SOS Ventures, tells Quartz that buying opera would give Kunlun and Qihoo “much greater reach.” “The browser is a trojan horse for control of the smartphone,” he says. If Chinese internet companies can’t develop their own products to win over consumers abroad, purchasing popular ones is a fallback option.
More in Quartz.

William Bao Bean is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you looking for more innovation experts at the China Speakers Bureau? Do check out this list.
What eight Chinese innovations can disrupt your industry in 2016?

Chinese tech companies act different than you would expect. William Bao Bean explains the revolutionary organization internet giant Tencent has developed for itself.
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