Oranco, Inc. Announces Gold Supplier Agreement with Alibaba Group Holding LTD. Apr 16, 2020
Oranco, Inc. (“ORNC”), a fast-growing, highly profitable alcoholic beverage distributor in China, today announced that Alibaba Hong Kong Limited, ... Read More
Stock Information
Symbol
ORNCPrice
0.4401
Change
0.0000MKT Cap
18.47M
Avg. Volume
52 week Low/High
0.3300 / 0.8600
Day Low/High
0.4401 / 0.4401
Company Overview
We are engaged in the business of marketing, selling and distributing light aromatic flavor
Chinese Baijiu with a moderate price range in China.
Traditionally we focused our business on the distribution and sale of Chinese Fenjiu Liquor, which
is the premium brand name for light aromatic flavor Chinese Baijiu produced by Fenjiu Group.
Distribution and sale of Fenjiu Liquor presented great business opportunities for us to build up
extensive distribution channels and to develop effective marketing strategies to attract Chinese
Baijiu consumers while promoting light aromatic flavor Chinese Baijiu under our own brands.
Collaboration with Fenjiu Group and the sale of co-branded Fenjiu Liquor have increased the
name recognition of our own brands.
In October 2016 we established our imported wine distribution business, in which we sell and
distribute wines imported from Spain and New Zealand in China.
After years of accumulation of experience, we have obtained significant knowledge of Chinese
Baijiu market and deep understanding of the tastes of Chinese Baijiu consumers. With such
knowledge and understanding, we started to shift our business focus to marketing and selling
light aromatic flavor Chinese Baijiu under a series of our own brands, including Dagangjiu
(translated as “Big Jar Liquor”), Xiaogangjiu (translated as “Small Jar Liquor”), Jinshuiyao
(translated as “the Tale of Shanxi’s Water”) and a few other brands. At the same time, we have
gradually decreased our sale of imported wines as we perceive the Chinese market for imported
wines has become unfavorable to our business.