Diageo looks to grow online sales in China

|About: Diageo plc (DEO)|By:, SA News Editor

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.