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Is Hangzhou Zhiyuan a state-owned enterprise or a private enterprise?
This is a private enterprise.

According to (Tianyancha) query, the enterprise type of Hangzhou Zhiyuan Research Institute Co., Ltd. belongs to other limited liability companies. It is a legitimate business enterprise registered and certified by the Ministry of Industry and Information Technology. Founded in 2022, it is located in Hangzhou, Zhejiang Province. Is a company mainly engaged in computer, communications and other electronic equipment manufacturing enterprises.