No, it's a foreign enterprise.

The group was founded in 1962, formerly known as Yilan Food Industry Co., Ltd. In 1983, Want Want founded the brand, and invested and set up a factory in the mainland in the early 1991s. After years of development, Want Want has covered 61 countries and regions such as Asia, Africa, North America, Central and South America, Oceania and Europe. In 2118, Want Want China Holdings Limited (stock code: 1151.HK) was officially listed on the main board of The Stock Exchange of Hong Kong Limited, becoming the holding company of its catering business. Want Want continues to expand its business field, explore the Southeast Asian market and seek more diversified industrial cooperation. We want the Group to manage various undertakings with the business philosophy of "leading, self-confidence and unity", and aspire to become a "comprehensive consumer food kingdom" and move towards the goal of "China first and the world first".

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The enterprise assets with greater advantages in forming a group company involve a wider range of fields. The strength of the enterprise will be very strong and so on. The disadvantage of forming a group company involves many industries you don't know, and the risk is high. There are many problems in enterprise management. Group management is diversified management, which can be divided into related diversification and unrelated diversification. Single operation: the highest degree of correlation and the lowest degree of diversification. Correlation diversification: medium correlation degree and medium dispersion degree. Unrelated diversification: low correlation, high diversification. Related diversification means that they have something in common and can borrow resources from each other. For example, the subsidiaries of Procter & Gamble include detergents, detergent products and diapers. You can use P&G's channel resources (channel bargaining power, channel laying), advertising resources (unified advertising planning, etc.) and human resources (the same daily chemical marketing personnel).

a group company refers to an enterprise legal person association composed of parent company, subsidiary company, joint-stock company and other members, with capital as the main link, parent company as the main body, and the articles of association of the group as the guideline of peers. According to the degree of centralization and decentralization of the parent company's management, it can be roughly divided into the following three types: centralized management system, which means that all production and business activities of an enterprise are concentrated under the unified command of the parent company, and the supply, production, sales, personnel, goods and contents of subsidiaries are under the unified management, unified accounting and vertical leadership of the parent company. All units are financially independent and have no autonomy in management, and functional departments are set up in the parent company to assist the general manager in management. The advantages of implementing this management system are: it is beneficial to the unified distribution and scheduling of personnel, funds and materials in the whole group, and it can concentrate all kinds of forces to do the key projects of the group to the greatest extent; Better ensure that the subsidiary bodies implement the guidelines and policies; Can improve the overall competitiveness of the group; It is beneficial to improve the decision-making ability and speed of the group; It is beneficial to cultivate the collectivism and overall concept of group employees. The shortcomings of this management system are: it is not conducive to mobilizing the enthusiasm and initiative of subsidiary management; It is easy to form subordinates to obey the arrangement of superiors, which affects the exertion of employees' sense of responsibility; The group management mechanism is rigid and there are too many rules, which affect the effectiveness of enterprise activities; In distribution, it is easy to eat "big pot" and engage in "egalitarianism".