I searched and it seems true. https://www.qichamao.com/orgcompany/searchitemdtl/e6f25044f9... https://www.aitouyan.com/news/7877.html
(read via translate!)
>A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company,
Hence that is why using BBK as one would have been wrong. BBK does not own majority of shares, nor de jure voting power. But in a complex power relationship BBK do have much higher leverage or with other investor de facto voting power. Think if Foxconn decided to invest into 5 different Phone making companies, ( Like the current Nokia Smartphone ) and Foxconn is a shareholder and provide technical and manufacturing consultancy, you would not list them all under Foxconn right?
I wont blame the English main stream media most of them are so late to anything from Japan and China it is borderline comical.
I mean when I first mentioned BBK in 2015 no one had a clue what I was talking about. My earliest comment on BBK on HN was from Jan 2018 [1]. Barely anyone knew BBK then. As a matter of fact even right now not that many have heard of BBK.