# Forty-Nine Union

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forty-nine-union

- Industry: Consumer Products
- Headquarters: Beijing, China
- Website: www.ssjf49.com
- Total disclosed funding: $93M
- Latest round: Series B (Jul 30, 2021)
- Investors on record: 3

## About

Based in Beijing, China and established in 2015, Forty-Nine Union is an alcoholic brand that sells Chinese white spirits. The chairman of the board, Mr. Jun Liu, is the executive vice president of Lenovo Group. The company has more than 20,000 shareholder partners, 100 distributors and 5,000 new retail terminals covering more than 200 cities. It also built 4 wine storage bases. In January 2021, its brand appeared in more than 30 airports and 100 high-speed railway stations nationwide. In April 2021, the company received hundreds of millions in Series A financing. In November 2021, Mr. Yue Sun became the company's chairman. 

The company's products can be divided into four series. The company sells 53 degrees Maotai fragrant liquor at more than 4,000 new retail ends online and offline. Its production base is in Maotai Town in Guizhou.

By 2025, it is expected to achieve an annual production capacity of 50,000 tons, 200,000 tons of storage capacity, sales revenue of more than CNY 10 billion.

## Funding rounds

- Series B, Jul 30, 2021, $93M — CMC Capital Partners
- Series A, Apr 21, 2021 — Cathay Capital, xx

## Investors

- Cathay Capital — Series A
- xx (https://capitalatlas.ai/funds/xx) — Series A
- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series B