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.