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What kind of company is Hisense Group? Is it a joint venture or privately owned?

Hisense Group Co., Ltd. is a wholly state-owned limited liability company.

Hisense owns Hisense Electric (600060) and Hisense Kelon (00921), two companies listed in Shanghai, Shenzhen and Hong Kong respectively, and holds Hisense, Kelon and Rongsheng (Ronshen) three famous Chinese trademarks.

Hisense currently has 13 production bases and 12 R&D centers around the world, introducing high-end talents from around the world and promoting domestic design and R&D personnel to "go global." Overseas branches cover global markets such as the Americas, Europe, Africa, the Middle East, Australia and Southeast Asia, and its products are exported to more than 130 countries and regions.

After becoming the top sponsor of the European Cup in 2016, Hisense announced on April 6, 2017 that it would become the official sponsor of the 2018 World Cup in Russia.

Extended information:

A state-owned independent investment, an enterprise legal person established in accordance with the company's organizational form in accordance with the law. my country's wholly state-owned companies refer to limited liability companies that are solely invested and established by state-authorized investment institutions or state-authorized departments.

A wholly state-owned company refers to a limited liability company solely funded by the state and authorized by the State Council or the local people's government to perform the investor's duties by the state-owned assets supervision and administration agency of the people's government at the same level.

Reference: Baidu Encyclopedia-Hisense Group