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Kweichow Moutai Co., Ltd. (600519.SS)
- Benzinga
Charlie Munger Handed Over His Family Fortune To The 'Chinese Warren Buffett' Who Flipped It into Half A Billion Dollars — 'We Made Unholy Good Returns For A Long, Long Time'
In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure but also experienced substantial growth. It is now estimated at approximately $400 million. “We made unholy good returns for a long, long time,” Munger said. “That $8
- Fortune
Europe wants to end price dumping by Chinese EV makers like Tesla-killer BYD—now Beijing is retaliating with tit-for-tat probe to protect its second most valuable company
After Brussels sought to protect carmakers like Volkswagen from Chinese EV makers like BYD, Xi Jinping may now be targeting competitors of Kweichow Moutai.
- Reuters
China's Moutai, Luckin launch alcohol-tinged latte to woo young Chinese consumers
BEIJING (Reuters) -Kweichow Moutai and coffee brand Luckin Coffee on Monday launched in China a latte advertised as containing the fiery Chinese spirit baijiu, as the Chinese luxury liquor maker aims to pull in younger consumers. The 38 yuan ($5.23) "sauce-flavoured latte", which Luckin discounted to 19 yuan on the first day of sales, was one of the most discussed topics on Chinese social media platform Weibo, with several users saying they had placed orders. Moutai, known as the national liquor of China, is a potent, colourless spirit that is usually served at banquets in China, and drinkers say that the flavour and aroma of Kweichow Moutai's version are similar to soy sauce.
