Is Wuyi Square New World Department Store a state-owned enterprise?

It is a state-owned enterprise. Wuyi Square New World Department Store was established in 1994 and opened in early 1995. Is a large state-owned retail enterprise. The nature of state-owned enterprises is the nature of enterprises owned by the whole people. The so-called enterprises owned by the whole people are essentially enterprises whose means of production are owned by the whole people.