Is Qingdao Jiaozhou Xinhua Bookstore a financial appropriation?

No Qingdao Jiaozhou Xinhua Bookstore is located in Guangzhou South Road, jiaozhou city, Qingdao. The bookstore is not funded by the government, but jointly funded by Qingdao Media Group and Qingdao jiaozhou city Xinhua Bookstore Co., Ltd. 1989. This bookstore is a wholesale-oriented enterprise.