Is KuCoin based out of China?

Excuse me, I'm quite interested in KuCoin as a platform for cryptocurrency trading. Could you please clarify for me if KuCoin is indeed based out of China? I've heard rumors about its origin, but I'd like to have a more definitive answer from a professional like you. Given the complexity of the crypto market and the varying regulatory landscapes across different countries, I believe it's important to understand where a platform like KuCoin is headquartered. Your insights would be greatly appreciated.