Chinese alcohol maker Guxiaojiu and the government of Jiang'an, Yibin jointly announced that Guxiaojiu will build an alcohol factory in Yibin, which will have an annual output of up to 50,000 tons.
Japan's leading beer company Asahi announced that the company plans to sell its entire 19.99% stake in the Chinese beer maker Tsingtao.
Chinese online video service Letv will enhance its supply chain in the wine industry to build a closed-loop operation of its wine business on its subsidiary website Wangjiu.com.
Chinese spirits and alcohol B2C e-commerce website Jiuxian.com announced that the company has gained additional investment of CNY200 million.
Chinese brewery Yanjing Beer has published its annual results for 2011, stating that its net profit increased by 6.15% during the reporting period.
China's Yanjing Beer Group has announced its performance report for the third quarter of 2011, stating that from January to September 2011, the company realized operating revenue of CNY10.374 billion, a year-on-year increase of 15.83%.
In January 2011, consumer price index rose by 4.9% over the same period of the previous year, according to the National Bureau of Statistics of China.
Qu Zhe, president assistant of COFCO Group and chairman of COFCO Wines & Spirits, has revealed that the company has acquired Biscottes, a well-known winery in Chile, for USD18 million.
To enhance its competitiveness in Beijing, China's Tsingtao Beer will invest CNY600 million to build a new brewery project in Shijiazhuang, capital of Hebei province.
A leading Chinese alcohol company Wuliangye has published its annual performance report for 2009, stating that net profit attributable to the shareholders of its listed unit increased by 79.45% year-on-year, to CNY3.249 billion.