Is Saijing Asia Pacific a state-owned enterprise or a private enterprise?

Private enterprises. Saijing Asia Pacific is a wholly foreign-owned enterprise invested by Saijing Technology and a private enterprise. A private enterprise refers to a profit-making economic organization established or controlled by natural persons with investment and based on wage labor according to Article 9 of the Provisions of the National Bureau of Statistics and the State Administration for Industry and Commerce on Classification of Enterprise Registration Types (1August 28, 998, Zi [1998] No.200).