The Murky Background Behind a Company Selling Chinese ‘Maotai’ Hard Liquor for Over $600,000

The Murky Background Behind a Company Selling Chinese ‘Maotai’ Hard Liquor for Over $600,000
Screenshot of Chinese "Maotai" liquor selling for $378 million yuan, by the Chinese liquor shop, Googut Wine and Spirits. Screenshot via JD.com
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Can you imagine shelling out more than half a million dollars for a bottle of potent Chinese hard liquor?
A brand of Maotai, China’s most famous type of distilled liquor, recently sold one bottle for 3.78 million yuan (approximately $601,200) on a popular online shopping platform. The colossal price caused a lot of media attention. Hong Kong media reported that the exorbitant bottle was made by a liquor company with a connection to state-owned firms.