Kweichow Moutai Profit Dips as China Shifts From Property Deals to Technology

CNBC Finance reports that Kweichow Moutai, the long-standing bellwether for Chinese business culture, saw its first-half net profit slide nearly 2% to 44.5 billion yuan. The luxury distiller is grappling with a cooling real estate sector and an intensive regulatory crackdown on c

CNBC Finance reports that Kweichow Moutai, the long-standing bellwether for Chinese business culture, saw its first-half net profit slide nearly 2% to 44.5 billion yuan. The luxury distiller is grappling with a cooling real estate sector and an intensive regulatory crackdown on c