Kweichow Moutai

New Business

China’s liquor capital faces long march to rebirth as baijiu’s ‘liquid gold’ glory wanes

As China’s traditional spirits and premium wines grapple with declining consumption, a significant shift is under way across the beverage…

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New Business

Cambricon shares slump 14%, the most in 7 months, as reality check hits investors

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the…

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New Business

Wuliangye Yibin’s profit growth sinks to 10-year low hit by China’s austerity drive

Wuliangye Yibin, China’s second-largest liquor distiller, reported its slowest earnings growth in a decade, reflecting the impact of an intensified…

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New Business

China’s Nvidia challenger Cambricon to raise US$560 million for AI chip development

Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan…

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China told its officials to tighten their belts. Did they go a notch too far?

This is the first story in a three-part series exploring the domestic economic challenges China faces as it navigates an…

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Chinese jeweller Laopu Gold surges 15% as investors devour 69 million shares post lock-up

A surge in the supply of Laopu Gold shares after the end of a lock-up period turned out to be…

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New Business

Out with the old, in with Pop Mart: Gen Z’s ‘emotional consumption’ lift consumer stocks

Stock investors are capitalising on the spending power of China’s Generation Z consumers, who splurge on everything from gold jewellery…

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Concocting a plan: Starbucks hires chief growth officer in China to reignite sales

Starbucks hired its first-ever chief growth officer in China, tasked with luring back young coffee drinkers as the US chain…

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China’s finance industry urged to better support tech innovation

Technological innovation in China still has “much room for improvement” and the country needs financial support to develop new ideas,…

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New Business

UBS takes the spirit out of China’s distillers by downgrading Moutai, other baijiu brands

UBS Group downgraded the ratings on Kweichow Moutai and other Chinese major liquor distillers as capacity expansions and destocking strategies…

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