China Renaissance led a $300m funding round in Jiangxiaobai.

China Renaissance, a Chinese investment bank, led a $300m funding round in Chongqing Jiangxiaobai Liquor, a distillery. The round was also joined by Baillie Gifford & Co and China Merchants Bank. The round gave Jiangxiaobai a pre-funding valuation of roughly $1.6bn.