Is VeChain Chinese owned?

I've been hearing a lot about VeChain in the cryptocurrency space, and I'm curious about its ownership structure. Could you clarify for me if VeChain is owned by a Chinese entity? I'm particularly interested in understanding the company's nationality and whether it's primarily operated out of China. I've read some conflicting information online, so it would be helpful to get a clear answer from you as a professional in this field. Thank you for your assistance in clarifying this matter for me.