Moutai Looks for Growth

Moutai eyes new project areas including finance as profit climbs

Kweichow Moutai Group’s robust returns have fueled gains ahead of its peers this year, and the parent of the world’s largest liquor maker plans to use the cash to expand its business into new areas such as finance. The group’s profit will likely exceed 30 billion yuan ($4.5 billion) this year, General Manager Li Baofang said in an email. It wants to use the cash generated to build a financial business spanning lending, insurance and asset management, according to Li. 

    Before it's here, it's on the Bloomberg Terminal.