Kweichow Moutai

Baijiu is a liquor (the word means white liquor) distilled in China that is sought after for official banquets and for gifts. Kweichow Moutai is probably the best known baijiu. Sales of the potent white spirit have risen in recent years, powered by a boom in the luxury market in China.

Russian President Putin's praise lifts stock prices of Chinese hard liquor maker Moutai

A man takes a bottle of Kweichow Moutai Liquor at a supermarket in Beijing. Photo: Xinhua

The shares price of China’s storied liquor maker, Moutai, has been on the rise this week after state television CCTV over the weekend reported Russian President Vladimir Putin’s complimentary remarks on the alcohol.

Tuesday, 21 January, 2014, 5:22pm

Curbs leave alcohol firms in low spirits

Expensive wines and spirits such as mao-tai, as made by China Kweichow Moutai Distillery, among others, are out of favour. Photo: Bloomberg

Spirits, and prices of spirits, are low for many local and foreign alcoholic beverage companies with operations on the mainland after a challenging year marked by depressed demand as a result of restrictions on lavish spending at official banquets.

11 Dec 2013 - 8:18am

Kweichow Moutai ventures into European real estate

Kweichow Moutai's baijiu is the market leader. Photo: Xinhua

Kweichow Moutai, China’s biggest liquor producer by market value, has announced it will invest 8.79 million euros (HK$91.4 million) in real estate in Paris to help expand its business in Europe.

14 Nov 2013 - 3:58am

Are Moutai advance orders a signal that China’s austerity drive is on the wane?

Bottles of Kweichow Moutai at a supermarket in Beijing. Photo: Xinhua

Orders for Kweichow Moutai, the liquor of choice at Chinese government banquets, have started to rise again after being previously almost wiped out by an austerity drive instituted by President Xi Jinping.

16 Oct 2013 - 5:37pm

Kweichow Moutai shares drop as luxury crackdown continues

Kweichow Moutai says interim net profit rose 3.6 per cent, sharply down from the 43 per cent interim net profit growth in the year earlier period, and 58 per cent in 2011. Photo: Xinhua

Shares in Chinese premium liquor maker Kweichow Moutai Co Ltd fell by the daily limit of 10 per cent on Monday as a crackdown on corruption in China crimped profit growth in the first half of the year.

2 Sep 2013 - 12:19pm

Austerity measures for China's officials drag down growth, says NDRC

Xi Jinping speaks at a congress in Beijing, Dec. 4, 2012. (Photo: Xinhua)

The clampdown on official’s luxury spending has led to a “significant drop” in high-end food and alcohol consumption, the 21st Century Business Herald wrote on Wednesday.

27 Mar 2013 - 12:44pm

The new spirit of austerity

Kweichow Moutai has suspended March deliveries. Photo: Xinhua

Kong Guoqing blames the vanished Kweichow Moutai sales on incoming president Xi Jinping's crackdown on extravagant spending by officials: Kweichow Moutai's sorghum spirit can fetch US$300 a bottle - about half the average monthly disposable income in the financial hub.

15 Apr 2013 - 2:00pm

Chinese distillers fined 449m yuan for price-fixing

The price of Kweichow Moutai's baijiu jumped 20 per cent last year. Photo: Imaginechina/Corbis

The two firms admitted on their official websites earlier that they had violated antimonopoly laws by charging penalties to distributors who sold their baijiu alcohol products at lower prices than the producers had required.

20 Feb 2013 - 5:24am

SABMiller thirsts for China market

A bottle of Kweichow Moutai, Chinas national liquor

For those who don't follow the China liquor market too closely, baijiu makers have been under pressure since the beginning of the year, when media first began reporting that their products contained unsafe levels of plasticisers.

6 Feb 2013 - 12:44pm

Xi's anti-corruption campaign puts mainland liquor-makers in low spirits

Drying out

Chinese Communist Party chief Xi Jinping’s call for party officials to cut down on booze-filled banquets spells the end of an era of stock outperformance by premium liquor-makers. 

4 Feb 2013 - 4:46am