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Is Yunnan Baiyao a state-owned enterprise or a private enterprise?

Private enterprises.

According to Aiqi's information, Yunnan Baiyao is Yunnan Baiyao Group Co., Ltd. Company type: other joint-stock companies (listed), which are private enterprises.

Yunnan Baiyao Group Co., Ltd. 1993 was approved by Yunnan Economic System Reform Committee (Yunti (1993) No.48), and Yunnan Baiyao General Factory reformed the modern enterprise system, and established Yunnan Baiyao Industrial Co., Ltd., which was registered in Yunnan Administration for Industry and Commerce.