Seeking Alpha

Diageo looks to grow online sales in China

  • Diageo (DEO -0.5%) plans to take up a bigger presence online in China after governments crackdowns have cut into sales through other channels.
  • The company will set up a storefront on Alibaba among other online moves.
  • The big picture: Online alcohol sales rose over 10X during the last three years to top 7.3B yuan. Liquor companies think the staggering growth can be sustained for a few more years.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs