Is Shandong Network Media Group a state-owned enterprise?

Yes According to the information of official website, the capital of the State Administration for Industry and Commerce and Shandong Internet Media Group are all funded by the state and owned by state-owned enterprises. The institutions engaged in production and business activities are legally established and belong to state-owned enterprises. Shandong Network Media Group Co., Ltd. is a large enterprise group with mass media co., Ltd. as the main body, which was established in August 2008 18.