Diageo Korea has offered voluntary redundancies to its entire workforce as the decline of South Korea’s once-pervasive after-work drinking culture weakens demand for whisky and other traditional alcoholic drinks. Read More
Morris Cai
Morris Cai has carved out a niche for himself as a leading journalist and editor, specializing in the wine and spirits sector. His career, now spanning over a dozen years, has seen him dedicate a significant portion of it—ten years—to honing his expertise in this field. Cai’s career in journalism started in 2012 when worked as a reporter and web editor at Entrepreneur Daily, a national newspaper. His ambition and dedication to his craft saw him taking a step further into the food and beverage sector in 2014, when he joined the editorial team of China’s leading food publication New Food magazine, contributing significantly to the Food and Drinks News section as both a reporter and an editor. In 2016, he joined WBO Wine Business Observation, a leading Chinese wine trade media as its lead writer and web editor. In this capacity, Cai independently spearheaded the selection of topics and produced an impressive array of around 200 articles each year, focusing on the nuanced reporting of wine and spirits. His work gave rise to numerous in-depth and widely read articles that have significantly influenced the industry’s discourse. Cai is fluent in English communications, interviews, and skilled at bi-lingual translations, which has supported his long-term involvement in sourcing and translating topics for English websites. His in-depth knowledge of trends and insights within the wine and spirits industries marks him as a respected authority in his field.
Cambodia’s fledgling wine market suffered a sharp setback in the first half of 2026, with imports plunging nearly 40% as weak consumer confidence and a sluggish recovery in tourism weighed on demand from hotels and restaurants. Read More
The Australian wine group cut customer inventories in China by 200,000 cases, but distributors offered a more cautious assessment of underlying demand.
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Strong sales in Japan and India helped Suntory’s alcohol revenue return to growth, but weakening US demand, distributor destocking and rising supply-chain costs dealt a sharp blow to profits. Read More
Lotte Chilsung's alcohol business generated first-half sales of US$280 million, up 1.9% in H1 2026. Operating profit increased 34.5% to US$16.6 million. Read More
The United States retained its unusual position as South Korea’s second-largest wine supplier by value, and Chile is no longer South Korea's biggest wine supplier by volume. Read More
The Australian wine giant is cutting production, idling vineyards and considering asset sales in America but a 40% surge in Penfolds’ China sales helped push underlying earnings above guidance. Read More
Results for the 2026 financial year, released on Aug. 6, showed that organic net sales in Greater China fell 34.9% year on year. Sichuan Swellfun, Diageo’s principal baijiu asset in China, is also expected to report a loss for the first half of 2026. Read More
China’s biggest wine influencer built a six-million-follower empire that once sold RMB 350 million worth of wine a year. Now, the company behind Lady Penguin is heading to court over alleged smuggling. Read More
Hong Kong’s wine market is growing again, with both import volume and value in positive territory for the first time since 2021. What is driving the recovery? We spoke to leading wine merchants to find out. Read More