Official website of Wangfujing Group shows that Wangfujing is a state-owned enterprise. Its full name is Beijing Wangfujing Department Store (Group) Co., Ltd., headquartered in Beijing, which is the largest retail group in Chinese mainland. The shareholder is Beijing State-owned Assets Supervision and Administration Commission, holding 26.83% of the shares of Wangfujing Group Co., Ltd., so it is a state-owned enterprise.