In 1929, Zhou Bingheng established "Hengchang Shaofang". In 1937, Lai Yongchu became a shareholder. In 1941, Zhou sold the winery completely to Lai Yongchu. Lai Yongchu spent huge sums of money to expand and renamed "Hengxing Winery" and registered "Hengxing Winery". Laimao" trademark, and other Maotai liquors have been imitated

An introduction to the founder of Laimao in the history of Moutai Distillery