Hillhouse, Sequoia-backed Chinese baijiu brand Jiangxiaobai closes $137m for its distillery unit

Hillhouse, Sequoia-backed Chinese baijiu brand Jiangxiaobai closes $137m for its distillery unit

Jiangji Distillery, a unit of Chongqing Jiangxiaobai Liquor Co, has secured a strategic investment of 1 billion yuan ($137.4 million) from a state-owned investment platform to build the largest light-aroma baijiu production base in southwestern China.

Jiangxiaobai raised the fresh capital from a platform owned by the local government in Jiangjin District in southwestern China’s Chongqing City.

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