In the first two weeks of 2025, two former chairmen of Wuliangye and Moutai, two giants in the Baijiu industry, have come under investigation, signaling intensified scrutiny of China’s most profitable spirits companies. Read More
Corruption
A French court on Wednesday has ordered the confiscation of nine chateaux in Bordeaux owned by Chinese property tycoon Qu Naijie, following his conviction for laundering allegedly more than US$30 million funds from the Chinese government. Read More
From hoarding luxury handbags and watches to receiving a bizarre gift of 5kg pure gold drinking vessel, China’s anti-graft watchdog has revealed details of shocking corruption committed by the former head of the world’s most valuable liquor brand. Read More