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Is Joy City a central enterprise or a state-owned enterprise?

The enterprise is actually a central enterprise and can be said to have the nature of a state-owned enterprise.

Joy City is a commercial real estate brand operated by Joy City, a subsidiary of COFCO. The main goal is to build a high-quality urban complex integrating shopping, catering, entertainment, leisure and culture. Joy City has branches in many cities in China, such as Beijing Chaoyang Joy City, Tianjin Joy City, Shanghai Joy City, Shenzhen Joy City, Chengdu Joy City and Hangzhou Joy City. Every Joy City will carry out customized design and investment operation according to local culture and consumer demand.