10 percent stake is minor ownership. If you have the money, then even you can purchase a 10% stake in Dream XI. Recently Facebook purchased a 9.99% stake in Reliance Jio. Does that make Jio an American owned company? Chinese investors have significant stakes in almost all of the major corporations. But the majority stake is still owned by the public and the other non-Chinese promoters.
You need to view in the context why VIVO withdrew from the sponsorship for a year, if people are that patriotic you need to let go of every Chinese investment rather than picking and choosing and Dream XI has major investment from Chinese conglomerate Tencent and they are a big investor in diverse sectors. I am not a fan of cancel culture and i do not think that will help anyone. The fact remains that Indian companies where not willing to take the bid as the BCCI tried to lure Reliance and TATA but they reject the offers.Caribbean premier league started and i do not think there are many fans here.