Comment on How to Avoid US-Based Digital Services—and Why You Might Want To
TheGrandNagus@lemmy.world 5 weeks agoQwant is owned by Huawei.
No it isn’t.
Why are you lying like this? What’s the goal?
Qwant is based in Paris and its owners are:
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Jean-Manuel Rozan
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Éric Léandri
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Patrick Constant
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Caisse des dépôts et consignations (basically a public investment institution owned by the French government)
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Groupe Axel Springer (an online media company based in Germany)
So again: why did you lie? What’s the goal here?
lseufer@lemm.ee 5 weeks ago
TheGrandNagus@lemmy.world 5 weeks ago
This source backs me up, not you.
Under the terms of the contract, the Chinese group has the possibility of converting its obligations within two years in order to become a minority shareholder in the French group - in the order of 5 to 7.5% of the capital, according to the documents obtained by Politico. But such a scenario, which would allow Huawei to influence Qwant’s strategy, can only be achieved if the Chinese group obtains prior among other conditions. According to Politico, this mechanism reassured the Deposit Fund. Qwant, on the other hand, assures that Huawei is not trying to get into its capital.
So, a 2021 source says Huawei, in accordance with agreements, could possibly take a 5 to 7.5% stake as long as they did it within two years. It then states that this isn’t something Huawei actually intends to go ahead with.
It’s been well over two years, Huawei indeed didn’t take a stake in Qwant, and Qwant is still entirely French-German.
With that above information, you went online and lied, saying Huawei owns Qwant. They do not. You lied.
Octagon9561@lemmy.ml 5 weeks ago
That last bullet point is indeed a negative for Qwant.