No. According to the official announcement of Pu'er Guangchu Commercial Development Co., Ltd., we learned that Pu'er Guangchu Commercial Development Co., Ltd. is a private enterprise and not a state-owned enterprise. Founded on January 13, 2016, it is located in Sunshine Joy City, Simao District, Pu'er City, Yunnan Province. It mainly deals in food, clothing, shoes and hats, daily necessities, cultural supplies, etc.