Bitmain is buying $50m USD worth of shares: "Concurrently with, and subject to, the completion of this offering, Tospring Technology Limited (“Bitmain”), IDG China Capital Fund III L.P. (“IDG Capital Fund”) and IDG China Capital III Investors L.P. (“IDG Capital Investors” and together with IDG Capital Fund, “IDG”) have agreed to purchase from us US$50,000,000, US$9,529,000 and US$471,000, respectively, of our ordinary shares, at a price per share equal to the initial public offering price adjusted to reflect the ADS-to-share ratio, or the Concurrent Private Placements."
Which is itself a disappointing browser. I like the idea, but the execution is bad: mostly, for me, the UI speed. It's molasses, or glue, or <insert other favorite slowness metaphor here>. I had to move to Chrome, and I haven't managed to move back, or to FireFox yet either.
I speculate the cause is that the UI is written in HTML/Javascript, but I'm not sure. Some parts of it have to be tailored per platform, and be natively implemented, I'm sure.
Really? I use Vivaldi as my primary browser and it's never even crossed my mind that it has performance issues. What I do know is that it feels a lot like the original Opera and had a ton of customization options.
Also just a note that the IPO is to sell a fraction of the company, not the whole thing. So this allows the investors to monetize part of their investment, while retaining some.
I suppose the general reasoning is "innocent until proven otherwise", not the opposite. So my question is more reasonable as a question, although yours naturally imposes a stereotype that bears some validity but largely not meaningful in individual discussions.
And again, I am just asking a question.
If you think your question is an answer, then I have to say that this answer is not satisfactory to me.
Contextually your question is absurd, but I’ll bite. “China backs $15bn tech fund to compete with Japan’s SoftBank” (Yesterday, https://www.ft.com/content/9cdd3098-7d3c-11e8-bc55-50daf11b7..., “Fund to look at global deals even amid concern over inflated tech valuations”)
>I suppose the general reasoning is "innocent until proven otherwise", not the opposite.
You are absolutely correct, but, if anyone knows China, there is no such thing as no government backing. ( Which is a rather sad truth and hopes to be proven wrong, but highly unlikely so )
As I said, everything backed by government is a stereotype. Like what American said, everything is invented by private entrepreneurs, where in fact the most modern technologies are invented by government agency. For example, internet and ai early research is all done by darpa or nsf funding.
I used to love Opera until they made the major revision. Funny I just installed Vivaldi browser yesterday, writing this comment on it. Vivaldi is more Opera than Opera, it's no accident the founder is also one of the founders and former CEO of Opera.
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[ 3.4 ms ] story [ 68.1 ms ] threadSorry I am not following the logic here.
Edit: Turns out when they purchased it, they were on the rise and had 6% browser market shares, now it is down to 3.5%. [1]
[1] http://gs.statcounter.com/browser-market-share#monthly-20151...
And I believed them .
I speculate the cause is that the UI is written in HTML/Javascript, but I'm not sure. Some parts of it have to be tailored per platform, and be natively implemented, I'm sure.
If that's the guy you are thinking of, he was no longer at Opera when they did the switchover.
He stepped down as CEO in 2010, left in 2011, and the switch was announced in 2013.
And again, I am just asking a question.
If you think your question is an answer, then I have to say that this answer is not satisfactory to me.
You are absolutely correct, but, if anyone knows China, there is no such thing as no government backing. ( Which is a rather sad truth and hopes to be proven wrong, but highly unlikely so )