China's Moutai becomes world's most valuable liquor company
China's Kweichow Moutai has become the world's most valuable liquor distiller at a market valuation of $71.5 billion, overtaking Johnnie Walker-brand owner Diageo. Moutai shares surged 55% over the past year, more than twice the gain for London-based Diageo. About 95% of Moutai's sales take place in the domestic market.