Yes, it turns out that Qibao Panda Liquor is produced in Maotai Town, Guizhou Province, and both of them are maotai-flavor liquor, which is in the same strain as the authentic Kweichow Moutai. It doesn't have its own winery, and it is almost OEM. From the product packaging, the two wines are also very similar. In terms of price, the price of Qibao Panda Wine is very close to that of Maotai. The only difference is that in the market, especially in physical stores, it is extremely difficult to buy Maotai at the original price. The e-commerce platform needs to make an appointment to snap up, which requires speed and luck. Most of the time, it is a state of price and no market, and Qibao Panda wine can't be bought.