Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC

Chinese alcohol distributor Baoyun bags over $94m led by Country Garden VC

Baijiu liquor in Zunyi, Guizhou Province, China. Photographer: Nelson Ching/Bloomberg

Baoyun Group, a distributor of wines and whiskies in China, has raked in 600 million yuan ($94 million) in a Series A round of financing led by Country Garden Venture Capital, the investment arm of Chinese property developer Country Garden.

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