Reddit is also (partially) owned by a chinese company - people complain but ultimately not going to stop people from using. That's just global capital at work. Opera's team is still in Norway.
Yes, I think it's worth noting that Opera is still located/incorporated in Norway so they are still under the jurisdiction privacy laws there.
What are privacy laws in Norway comparing to Sweden (where they're pretty relaxed for corporations and goverment)?
No engineers are situated in Norway for Opera AFAIK.