Yes, it has become a private company.

According to news reports, Hangzhou Xintiandi Group officially completed its privatization in April 2018 and became a private enterprise. The privatization of Hangzhou Xintiandi Group allowed its shares to be listed on the Shenzhen Stock Exchange and redefined its capital structure and development direction.

Hangzhou Xintiandi Group is a comprehensive large-scale enterprise group founded on March 25, 2008. It is a key enterprise in Zhejiang Province, a contract-abiding and credit-abiding enterprise in Zhejiang Province, and a famous trademark certificate enterprise in Zhejiang Province.