Tencent, surprisingly, is 33% owned by the South African company Naspers, as well as 7% other foreign institutional investors. Alibaba is 30% owned by the Japanese Softbank and 15% owned by a US holding company resultant of Yahoo's sale. [2] Baidu is 35%+ held by a hodgepodge of funds and holding companies. [3]
Tencent: 40% foreign owned Alibaba: 45% foreign owned Baidu: 35% foreign owned
None of those are majority or controlling stakes. Which is hardly the...
> Baidu, Alibaba and Tencent are all largely owned by foreign investors, even though they are operated by Chinese personnel.
...of the ancestor comment.
China has long welcomed foreign investment while simultaneously rejecting foreign control.