wanxianghui in Linyi is not a state-owned enterprise. According to the relevant public information, Linyi Wanxianghui is a commercial complex located in luozhuang, Linyi City, Shandong Province, which is jointly invested and built by Jinan Ginza Co., Ltd. and Linyi Zhongbai Industrial Co., Ltd., including shopping centers, supermarkets, cinemas, restaurants and other service formats. Jinan Ginza Co., Ltd. is a listed company and does not belong to the category of state-owned enterprises controlled by the China government.