Kweichow Moutai Class A stock eyes Monday open as iMaotai adds 2.7 mln users and zodiac bottles sell out
Kweichow Moutai gained over 2.7 million new iMaotai app users in nine days, chairman Chen Hua said, as limited Year-of-the-Horse editions sold out within a minute. Moutai’s Shanghai shares closed up 0.48% at 1,419.10 yuan Friday. Resale prices for the new editions quickly topped 2,400 yuan. Traders are watching if the online push sustains momentum at Monday’s open.