Is Binance China owned?

I'm curious about Binance's ownership structure. Is Binance owned by China? Could you please clarify this matter for me? I've heard some rumors about its connections to China, but I'd like to get a professional opinion on this. Given your expertise in the field of cryptocurrency and finance, I believe you'll be able to shed some light on this topic. Could you please provide a brief but informative description of Binance's ownership, especially with regards to any potential Chinese involvement? I'm keen to understand the intricacies of its corporate structure and any potential implications it might have on its operations and regulations. Thank you for your time and assistance.