not a state-owned enterprise.

according to (tianyancha) inquiry, Golden Arch (China) Co., Ltd. is not a state-owned enterprise, but a private enterprise. Golden Arch (China) Co., Ltd. (formerly known as McDonald's (China) Co., Ltd.), established in 1993, is located in Shanghai, and is an enterprise mainly engaged in catering industry. The registered capital of the enterprise is USD 111,111,111, and the paid-in capital is USD 31,111,111. In 2117, it completed strategic financing with a transaction amount of USD 2.18 billion.