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Home > Stocks & Markets > Technology & Communications


IS BRAVE CHINESE OWNED? MORE ON THE PRIVACY-FOCUSED BROWSER

Brave has become a massively popular browser, especially among privacy-focused
internet users. Who owns Brave? Is it Chinese owned?

By Ruchi Gupta

Mar. 15 2022, Published 5:28 a.m. ET


Source: Unsplash, Brave Browser

Brave is a privacy-focused browser used by millions of people around the world.
In its default setting, the browser automatically blocks third-party ads on the
sites you visit, giving you the option to view ads that actually pay you
instead. Who owns Brave Browser? How do you earn with the Brave rewards program?



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Browsers give you a gateway to the internet, and there are many of them out
there. The major ones are Google’s Chrome, Apple’s Safari, Microsoft’s Edge,
Firefox, Brave, and Opera. Brave has sought to set itself apart from the crowd,
appealing to people who want to protect their online privacy. It’s also faster
than many of its rivals, free, and accessible on both desktop and mobile
devices.


WHO OWNS BRAVE BROWSER?

Brave was developed by California-based startup Brave Software. The startup was
founded in 2015 by Brendan Eich and Brian Bondy, both previous employees at
Mozilla, the creator of the Firefox browser. The initial version of Brave
launched in 2016 and the browser has been upgraded over the years. Brave also
offers a Google-type search engine service.


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Source: Brave Software Facebook

Brave Software is backed by Peter Thiel’s Founders Fund, Pantera Capital,
Digital Currency Group, Pathfinder, Foundation Capital, Rising Tide, Hone
Capital, and Propel Venture Partners. Thiel was also an early investor in
Facebook and Bitcoin.

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> Privacy-preserving Brave Search is now the default option for new Brave users
> in the US, Canada, UK, France, & Germany. Users can also opt into the Web
> Discovery Project, a privacy-preserving system to anonymously contribute data
> to improve Brave Search. https://t.co/N8N1z5BTcX
> 
> — Brave Software (@brave) October 19, 2021

> Awesome to see more and more users on Brave every month!
> pic.twitter.com/IZ0FgjucUN
> 
> — Brave Software (@brave) May 3, 2021


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IS BRAVE BROWSER CHINESE OWNED?

Brave is available in Chinese and dozens of other foreign languages, including
French, Japanese, German, and Spanish. Many Americans are wary of Chinese
technology. In fact, concerns over Chinese spying have led to Huawei being
banned from selling its 5G gear in some Western markets.

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Brave's deal to become the official browser in HTC's Exodus 1 smartphone has
left some wondering whether the browser is Chinese. HTC is a consumer
electronics manufacturer based in Taiwan, which China claims as part of its
territory. The Brave-HTC deal is strictly a commercial arrangement, though.


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HOW BRAVE’S BAT CRYPTOCURRENCY REWARDS PROGRAM WORKS

Brave comes with an inbuilt ad-blocker and advertising program that respects
people’s privacy. Its cryptocurrency, Basic Attention Token (BAT), powers its
advertising network. Brands pay Brave with the token to show ads to its users.

If you choose to view the ads, Brave gives you a share of its ad revenue earned
in the form of BAT. Brave also pays publishers in BAT for showing its ads. You
can hold the BAT crypto as an investment or spend it on purchases at merchants
that accept it.

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