Last week, a live stream hosted by Googut Spirts was taken over by angry former employees demanding overdue wages, blowing its cashflow issue wide in the open. Read More
Baijiu
The conglomerate is also an investor in Googut Spirits, a Chinese drinks company known for its vintage Baijiu and the owner of YesMyWine.com, which was once dubbed the “number one global wine e-commerce platform” by Bordeaux École de Management. Read More
How a RMB 200 1995 vintage Moutai helped customs officials crack a multi-million smuggling case in Nanjing, China. Read More
Zong Qinghou, the self-made drinks billionaire who once became the country’s richest man, has passed away on Sunday at age 79 after ineffective treatment of an unnamed illness. Read More
According to data from China's Bureau of Statistics, Chinese residents, on average, allocated about 30% of their spending to food, tobacco, and alcohol, including wine, last year. Read More
Singapore Petroleum Company is raising eyebrows after it's seen advertising Baijiu at petrol station, writes Ch'ng Poh Tiong. Read More
Wu Xiangdong, known as China's "Godfather of Baijiu", will see his wealth significantly boosted by at least US$3 billion after his liquor company ZJLD became the biggest listing in Hong Kong this year. Read More
Sotheby's has launched its first ever online auction of China's most famous spirit Moutai specially tailored for collectors in mainland China, leveraging the country's most popular social media platform - WeChat - to allow its 1.24 billion users to bid online. Read More
Rumors of a possible alcohol ban within Chinese Communist Party and government organizations have sent liquor giant Kweichow Moutai's stocks briefly tumbling, wiping out millions of stock value, just when the liquor company has overtaken Tencent as the country's most valuable firm. Read More
China’s holidaymakers cut back on travels and tourism related spending during the Golden Week of October but spending on dining and alcoholic beverages are on the rise as Covid rules discourage mobility. Read More