The former head of a publicly-owned Beijing construction giant was sentenced to 13 years in jail for accepting bribes valued at 1.54 million yuan (205,000 U.S. dollars).
Wuliangye Yibin may be the biggest wine producer in the rapidly expanding Chinese liquor market, but to investors, it is coming across as a fumbling giant trying to defend its territory against more nimble competitors like Kweichow Moutai.