Leading wine merchants in South Korea are facing significant financial strain as the nation's wine market cools, with major importers reporting a sharp decline in sales that has cut their market value and profits by more than half. Read More
Natalie Wang
Hong Kong's wine market has yet to rebound to pre-pandemic levels. In fact, its value dropped by more than a thrid compared with 2018. Here's our full analysis on the market's performance in 2023. Read More
ASC Fine Wines, the leading wine importer and distributor in China and a member of the Suntory Group, joined the global celebration of Suntory's 125th anniversary by participating to the group’s newly designated “Suntory Philosophy Month.” Read More
Hong Kong's once-bustling wine scene faces unprecedented new challenges amid the city’s economic downturn, shifting demographics following expat exodus, and an increasing number of penny-wise locals who prefer to wine and dine across the border. Read More
Will the Chinese buyers, once the backbone of Vinexpo Hong Kong, return in force amidst an economic cooldown? Or if their absence signals a deeper and more lasting change in demand and consumption patterns. Read More
Marking its 30th anniversary, this year's edition will unveil what organizers tout as "the world's largest and most comprehensive lineup of wines and spirits," with participation from 5,700 exhibitors spanning over 60 countries. Read More
India's beverage alcohol market is tapped to record significant growth, driven by a youthful population with up to 20 million new consumers annually and an increasing preference for premium products, according to IWSR. Read More
In the interview, the CEO shares why instant retail is “a new highlight in the wine distribution evolution in China" and how ASC strategically pivoted to engage the next generation of wine consumers. Read More
One of Australia’s biggest organic wineries, Salena Estate, has gone bankrupt following a domino effect of financial challenges triggered by hefty tariffs imposed by China. Read More
Zong Qinghou, the self-made drinks billionaire who once became the country’s richest man, has passed away on Sunday at age 79 after ineffective treatment of an unnamed illness. Read More