Kweichow Moutai Co. Ltd. is a partial publicly traded, partial state-owned enterprise in China, specializing in the production and sales of the spirit Maotai baijiu, together with the production and sale of beverage, food and packaging material, development of anti-counterfeiting technology, and research and development of relevant information technology products. As of 2021, it is the largest beverage company in the world and China’s most valuable non-technology company. In 2022, Kweichow Moutai overtook Tencent as China’s largest company by market capitalization.