Is Tong Ren Tang a state-owned enterprise?

The company is a state-owned enterprise.

According to the information displayed by official website, Tongrentang was founded in the Kangxi period of the Qing Dynasty. 1949 Since the founding of New China, Tongrentang has experienced rebirth and gained new development. China Beijing Tongrentang Group Company was founded on1992,2001and was transformed into a wholly state-owned company, gradually establishing a modern enterprise system.

By March 2024, under the leadership of the State-owned Assets Supervision and Administration Commission, Tongrentang Group had formed a business structure covering five major sectors: pharmaceutical industry, health and wellness, geriatric care, commercial retail and international pharmaceutical industry, and established an extensive business service network around the world.

As the first batch of Chinese time-honored enterprises and state-owned enterprises, Tongrentang Group plays an important role in promoting the development of Chinese medicine and inheriting Chinese medicine culture.

At the same time, Tongrentang actively fulfills its economic responsibility, political responsibility, social responsibility and cultural inheritance responsibility, and always adheres to the initial intention of "practicing benevolence and saving the world" and the purpose of "serving people's health wholeheartedly". Its national intangible cultural heritage projects and numerous inheritors reflect Tong Ren Tang's persistence and inheritance of craftsman spirit and corporate culture.