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Provided by Dow Jones By Chong Koh Ping A dizzying rally this year has put China s top distillers firmly in the ranks of the world s most valuable consumer-goods companies. Shares in Kweichow Moutai Co., which at the start of 2020 was already the world s biggest alcoholic-drinks company by market capitalization, have gained 56%, valuing it at about $354 billion as of Monday. That means not only does the state-owned enterprise tower over Western rivals like Diageo PLC, and brewing giant Anheuser-Busch InBev SA, but it is also bigger than Coca-Cola Co., LVMH Moët Hennessy Louis Vuitton SE or Toyota Motor Corp. Rival Wuliangye Yibin Co. s share price has more than doubled, for a market cap of $167 billion. An index of 36 drinks companies whose shares trade in Shanghai or Shenzhen rallied 86.7% this year, compared with a 23% increase in China s CSI 300 benchmark, according to Wind.

Hennessy louis vuittonAllen chengSanfordc bernsteinEuan mcleishEva wangShen zhifengDiageo plcCola coToyota motor corpKweichow moutai coWuliangye yibin coPeople dailyDow jones company incCapital group new world fundChong koh pingAnheuser busch inbev