On October 28, 2022, Chongqing Jiangjin District Government announced an RMB 1 billion strategic investment in Jiangji Distiller, the brewing base of Jiangxiaobai, through the government’s state-owned assets investment vehicle. Earlier this year, Jiangji Distiller secured another investment in hundreds of millions in RMB.
Upon the completion of the new financing, Jiangxiaobai will accelerate the process of building up the "10-billion Jiangxiaobai", as the investments will enable the upgrading of the industrial cluster of modern “liquor-land" distillers and boost the efforts to build the largest light aroma baijiu demonstration base in Southwest China.
Zhong Lun Law Firm acted as the legal counsel for Jiangxiabai in such financings and provided full legal services. The legal team from Zhong Lun was led by partners Anthony Zhao and Raphael Liu and included associates Summer Huang, Crystal Li and Ruby Zheng; partner Gongwang Han also provided support to the team.