Deep-dive 2020-8: Yantai Changyu Pioneer Wine
Yantai Changyu Pioneer Wine Co. Inc. (200869 CH) is China's largest wine producer, with a domestic market share of 11%.
The company has an illustrious history. It was founded during the Qing dynasty in 1892 by Cheong Fatt Tze, who bought 640,000 plants from Europe to grow grapes in the Shandong province of China. After three years of experimentation, he …
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