According to the collection of professional friends, Zhejiang Mingxun Network Technology Co., Ltd. is not a state-owned enterprise. Zhejiang Mingxun Network Technology Co., Ltd. is a limited liability company invested by natural person shareholders and private enterprise shareholders. According to the Company Law of People's Republic of China (PRC), a limited liability company is established with the contribution of less than 50 shareholders, and each shareholder is liable to the company to the extent of the capital contribution subscribed.