In March, Kweichow Moutai became the world’s most valuable liquor company, and in June it became China’s most valuable stock. Though many outside of China may not have heard of it, this largely state-owned Chinese company’s main product is a liquor called baijiu, a white spirit distilled from sorghum.
How and why did Kweichow Moutai become so valuable? This week we introduce readers to Kweichow Moutai and explain some of the reasons behind its rise.
Moutai is one of China's top listed companies, and one of the fastest growing.
Kweichow Moutai’s market capitalization has risen dramatically in the past four years. The company, not even in the top 100 companies by market capitalization four years ago, is now ranked No. 15 in the world, according to data from CapitalIQ. In June, Kweichow Moutai surpassed the Industrial and Commercial Bank of China to become the most valuable company listed on a mainland Chinese stock exchange.
Despite taking a tumble t
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