Recently, according to the research report released by Hindenburg Research, Opera submitted several loan apps to Google Play, and the loan term and interest rate violated the store regulations.
It is reported that Opera has launched two loan apps, OK Ash and OPesa in Kenya, CashBean in India and OPay in Nigeria.
Google Play stipulates that the minimum loan period is 60 days, but Opera circumvents this restriction. The loan term on the APP is 6 1-365 days, but the email sent to users shows that only short-term loans of 15-29 days are provided.
According to Play Store's comments, these loan applications are still being collected. Once the user fails to repay in time, there will be text messages and phone calls, threatening to take legal action or blacklist the user.
Moreover, the profits obtained through the loan APP did not enter Opera. The research company found that all the money flowed into the affiliated company of Chairman Opera, which became a listed company after being acquired by a China investor group in 20 17.
This report was published in June 65438+ 10/6. Since its release, Opera's share price has dropped from $9 to $7.06.
Source: Fast Technology