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Is Shenzhen Tsingtao Brewery South China Marketing Co., Ltd. a state-owned enterprise?

Yes According to official website's inquiry, Shenzhen Tsingtao Brewery South China Marketing Co., Ltd., founded in 1998, is a wholesale-oriented enterprise with the nature of a state-owned enterprise. State-owned enterprises exercise investment rights on behalf of the state, and the main body of investment is the government. Tsingtao beer is brewed from high-quality barley, rice, hops and Laoshan mineral water with moderate hardness and sweetness.