Is Suda Tiangong a state-owned enterprise or a private enterprise?

Private enterprises. Suda Tiangong is a brand of Jiangsu Suda Tiangong Venture Capital Management Co., Ltd., which belongs to private investment, so it is a private enterprise, not a state-owned enterprise. State-owned enterprises refer to organizations established in accordance with the law and engaged in production and business activities, all or mainly funded by the state and owned by state-owned enterprises.