Is CR Vanguard a state-owned enterprise?

CR Vanguard is a state-owned enterprise. CR Vanguard is an excellent retail chain enterprise group under China Resources Group. It owns many well-known brands such as CR Vanguard, Su Guo, Wanjia Convenience Store, Olé, blt, Wanjia Life, Tesco Express and VnGO. CR Vanguard, founded in 1984, is a state-owned holding enterprise group directly under the central government. In the past 36 years, CR Vanguard has been playing an exemplary role in sustainable development, corporate social responsibility and providing employment opportunities. In 20 19, the sales of self-operated stores in CR Vanguard reached 95 1 100 million yuan, and the total number of self-operated stores reached 3,234. By the end of 20 19, CR Vanguard had entered 30 provinces, autonomous regions, municipalities and special administrative regions, and 1 16 cities above the prefecture level, with182,000 employees. In the "20 19 Top 100 Supermarket in China" issued by China Chain Store & Franchise Association, CR Vanguard ranked first in sales.