Moutai goes on the hunt for new hires
Kweichow Moutai Co, the best-known expensive Chinese liquor, is hiring more than 300 new wine-makers, as the company sees its market value grow, with the market for baijiu gradually recovering, and demand expanding as consumer spending rises.
On Wednesday, shares of Moutai dipped 1.82 percent and closed at 475.3 yuan ($69.9), and it stands as the highest share price among Chinese companies. This week, the market value of Moutai exceeded 600 billion yuan, which topped that of other global liquor producers.
A 500 ml bottle of Moutai's classic Feitian 53 percent alcohol has been selling for as much as 1,299 yuan on JD.com, one of the leading online shopping platforms in China, and it is higher than the price of 1,288 yuan posted earlier this year.
