Jiuxian has captured half of the online sales market for spirits in China and offers around 6,000 spirits varieties for sale on its platform. The company also offers online one-stop sales and marketing solutions for branded spirits manufacturers. Jiuxian has established in-depth cooperative relations with more than 500 well-known local and global liquor enterprises.
Cyborg Score Rationale
The company has raised $264M in funding with a current valuation of $1.05B. In 2023, the GMV of Jiuxian Group exceeded 10 billion yuan, marking the absolute leading position in the field of liquor circulation in China. The company dominates the online spirits market with high-quality operational capabilities and strong investor backing, though private status limits visibility.
Top Insights
In 2023, Jiuxian Group's GMV exceeded 10 billion yuan, marking the absolute leading position in liquor circulation in China.
The group began using livestreaming platforms in 2019 when livestreaming sales were very popular across China, with recent livestreaming achieving over 100 million RMB in sales.
Jiuxian has established 2,000 Wine & Spirits Centers across China and has been ranked No. 1 among all distribution enterprises in China for wine and spirits for the past 5 years.
Jiuxian Technology Group is progressing to be listed on the Shanghai Stock Exchange.
Named Competitors
1919 — Online liquor e-commerce platform and competitor
Yesmywine — Online wine and spirits retailer in China
Wangjiu — Liquor e-commerce platform
Recent Developments
(January 2024) Jiuxian Liangge subsidiary sets new online liquor sales record exceeding 100 million RMB in livestreaming sales
(2023) Jiuxian Group GMV exceeds 10 billion yuan; wins 8th consecutive 'first brand value of Chinese liquor circulation' award
(2024 early) Company announces 'new journey of 100 billion yuan' strategic goal and expands livestreaming infrastructure to 50+ rooms with 200+ teams
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