Online liquor store Jiuxian lands 300m yuan investment

China’s largest online alcohol retailer Jiuxian announced it had received a 300 million yuan (HK$377.9 million) equity investment from several major state-run banks, despite a recent slump in the mainland’s wine market.

China Merchants Bank, Minsheng Bank, Shanghai Pudong Development Bank and Jinzhou Bank all contributed to the Beijing-based retailer’s sixth round of financing, according to........ read more