Kweichow Moutai Co., Ltd. is a partial publicly traded, partial
state-owned enterprise in China, specializing in the production and sales of the spirit
Maotai
Maotai or Moutai is a style of baijiu, a distilled Chinese liquor ( spirit), made in the town of Maotai in China's Guizhou province. Produced by the state-owned Kweichow Moutai Company, it is distilled from fermented sorghum and comes in s ...
baijiu
''Baijiu'' (), also known as ''shaojiu'' (/), is a colorless Chinese liquor typically coming in between 35% and 60% alcohol by volume (ABV). Each type of baijiu uses its own type of '' qū'' for fermentation to create a distinct and charact ...
, together with the production and sale of beverage, food and packaging material, development of anti-
counterfeiting
To counterfeit means to imitate something authentic, with the intent to steal, destroy, or replace the original, for use in illegal transactions, or otherwise to deceive individuals into believing that the fake is of equal or greater value tha ...
technology, and
research and development of relevant information technology products.
As of 2021, it is the largest
beverage company in the world and China's most valuable non-technology company. In 2022, Kweichow Moutai overtook
Tencent
Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the w ...
as China's largest company by market capitalization.
History
Its
A shares were listed in the
Shanghai Stock Exchange in 2001. It is one of the few Chinese listed companies whose share price had exceeded
CNY
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022 ...
100. The price reached CNY803.5 in 2018.
Kweichow Moutai is a subsidiary of
Kweichow Moutai Group
Guizhou (; formerly Kweichow) is a landlocked province in the southwest region of the People's Republic of China. Its capital and largest city is Guiyang, in the center of the province. Guizhou borders the autonomous region of Guangxi to the ...
, which in turn is owned by the .
It is the world's largest
distiller and the world's most valuable spirit company, having surpassed
Diageo
Diageo plc () is a multinational alcoholic beverage company, with its headquarters in London, England. It operates from 132 sites around the world. It was the world's largest distiller before being overtaken by Kweichow Moutai of China in 2017 ...
in April 2017.
Kweichow Moutai and
Camus
Albert Camus ( , ; ; 7 November 1913 – 4 January 1960) was a French philosopher, author, dramatist, and journalist. He was awarded the 1957 Nobel Prize in Literature at the age of 44, the second-youngest recipient in history. His works ...
started the cooperation in 2004 and Camus became the worldwide exclusive distributor of Moutai products for the duty-free market.
References
External links
*
Kweichow Moutai Overview at World Indicium
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Companies in the CSI 100 Index
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Companies based in Guizhou
Companies owned by the provincial government of China
Drink companies of China
Food and drink companies established in 1999
Chinese beer brands
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Chinese companies established in 1999