Is OnePlus a wholly owned subsidiary of Oppo? Chinese document suggests that the answer is yes

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Is OnePlus a wholly owned subsidiary of Oppo? Chinese document suggests that the answer is yes
Ever since Peter Lau left Oppo late last year to start OnePlus, there have been questions about the true ownership of the upstart phone manufacturer. Lau has continually denied that OnePlus is a wholly owned subsidiary of Oppo. And for those who ask why the OnePlus One looks so much like the Oppo Find 7, Lau replied, "perhaps its because our aesthetics standard trends to be similar", and added that "all phone(s) nowadays looks like iPhone."

But a document from the Shenzhen Municipal Market Supervisory Authority (SIPO) files shows that OnePlus has one institutional stockholder and that is (drum roll please) Oppo. OnePlus has tried to keep its marketing edgy by offering the OnePlus One by invitation only. It also has promoted a deal where the first 100 people it selects will get to buy a OnePlus One for just $1 if they smash their current phone on video. As we already told you, some unfortunate souls have already smashed their phones, not realizing that they had to be chosen first by OnePlus.

If it turns out that Oppo is indeed the owner of OnePlus, and Lau's departure from Oppo was staged, there might be a few people who will feel bad having been lied to. But we think that the majority will focus on the phone itself and not even concern themselves with the rest of the story.

Chinese document reportedly shows that Oppo is the only institutional shareholder of OnePlus

source: TechWeb (translated) via gizmoChina

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