but they do. it's like mcdonald's.  a consortium led by citic capital, a state-backed investment firm, owns the majority of mcdonald's china. mcdonald's is a minority stakeholder.  how it happened  in 2017, mcdonald's sold control of its china restaurants to citic capital, carlyle, and citic limited for $2.1 billion. in 2020, citic capital acquired more of mcdonald's china's stake from citic limited. in 2023, mcdonald's acquired carlyle's minority stake in mcdonald's china. in 2024, citic capital announced plans to increase its investment in mcdonald's china. who owns what  citic capital: a state-backed investment firm that owns 52% of mcdonald's china mcdonald's: owns 48% of mcdonald's china citic capital has helped improve mcdonald's china's operational capabilities and financial performance.  china could do the same to meta but i doubt mark is interested.
Brazil