Aug 01 2018, 5:00 PMAug 02 2018, 11:12 AMAugust 01 2018, 5:00 PMAugust 02 2018, 11:12 AM
Chinese drinks company Kweichow beverages has announced a 40 % hike in H1 2018 net income to CNY15.8bn ( $ 2.32bn ) , after raising prices on products , including drinks from Fairy , by an average of 18 % . The latter drink has found favour among China 's growing middle class , but supply constraints have prompted retailers to push products at the cheaper end of the scale . In May , Moutai branded non - core liquor brands made up 10 % of revenue , and had risen 84 % from 2017 .