Reported about 1 year ago
In recent months, the price of Moutai liquor in Mainland China has decreased significantly from around 2,700 RMB per bottle at the beginning of the year to approximately 2,445 RMB per bottle. This drop has caused turmoil among resellers and prompted conflicts between resellers and e-commerce platforms due to the sudden decline in prices. Resellers are facing losses as the prices continue to fall, with some opting to refuse deliveries or demand invoices to increase the seller's costs, impacting the big players in the market who have stockpiled at higher purchase prices.
Source: YAHOO