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Is Lushang Group a state-owned enterprise?
Lushang Group is not a state-owned enterprise.

Shandong Commercial Group Co., Ltd., referred to as Lushang Group for short, is a large state-owned enterprise headquartered in Jinan. At the end of 1992, the former Shandong Provincial Department of Commerce was reorganized and Shandong Commercial Group was established. At present, the business of Shandong Commercial Group covers retail, manufacturing, real estate, hotel, education, media and other industries. Among them, retail brand "Inzone" has covered many areas such as Shandong, Hebei and Henan, and is the main business of the Group. Freda in the pharmaceutical industry and Lushang Real Estate in the real estate industry are also famous brands in China.