Is Jiangsu Sports Industry Group a state-owned enterprise?

Jiangsu Sports Industry Group is a state-owned enterprise.

Jiangsu Sports Industry Group Co., Ltd. is a provincial state-owned enterprise group approved and funded by Jiangsu Provincial People's Government. April 2015,21was formally established.

Brief introduction of Jiangsu Sports Industry Group;

Jiangsu Sports Industry Group Corporation is an important business entity and investment and financing platform to promote the development of sports industry in Jiangsu Province. Its main business is sports service industry and sports-related industries, and it undertakes the responsibility of maintaining and increasing the value of state-owned assets and the public welfare sports service function entrusted by the provincial government.

Business scope includes: investment and operation of sports infrastructure and sports industry projects; State-owned assets management and capital operation authorized by Jiangsu provincial government; Development, construction and operation management of sports venues; Market development of sports competitions and performances; Fitness, leisure and sports training; Sports tourism; Sports exhibition; R&D, manufacturing and selling sporting goods and equipment; Sports real estate; Sports health management and hotel management; Domestic and foreign trade; Design, produce, display and publish advertisements.

At present, the group company has four first-class subsidiaries: Nanjing Olympic Sports Center Management Co., Ltd., Jiangsu Suti Industrial Development Co., Ltd., Jiangsu Suti Sports Health Management Co., Ltd. and Jiangsu Sports Competition Co., Ltd.