Chinese liquor brand Forty-Nine Union closes $92m from CMC Capital

Chinese liquor brand Forty-Nine Union closes $92m from CMC Capital

Forty-Nine Union, a Chinese new retail brand aimed at sauce-flavoured liquor products, has raised 600 million yuan ($92 million) in a Series B round. 

The financing was exclusively from CMC Capital Partners, a Chinese private equity firm that specialises in media, technology and consumption, the investor announced on Friday.

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