According to the latest data released by Chinese customs, wine imports in the first months of the year plunged in both volume and value, worsening a downward trend that has yet to be reversed with post-covid reopening. Read More
Natalie Wang
Sotheby's sale of wines released from the Masseto Caveau has achieved a white glove result, achieving a total of €376,625 / $409,052 with all 46 lots sold surpassing high estimate. Read More
Singapore’s food and wine importer Ferrari Food + Wine has been fined by authorities for multiple offences including selling illegally imported meat, tampering with product dates, and illegally processing raw meat. Read More
Thailand is banning alcohol sales nationwide ahead of its general election on May 14, denting the country’s US$23 billion drinks industry. Read More
The top official in China's alcoholic drinks industry has warned that the country's wine consumption has hit a bottleneck as its wine industry has "no more retreating ground" after being hit the hardest among all beverage categories during the pandemic. Read More
Vinexpo is ramping up its commitment to Asia by turning Vinexpo Asia into a key annual event, alternating between two hosting locations – Singapore and Hong Kong. Read More
Emerging markets in Southeast Asia showed strong growth for Australian wine exports in the past 12 months but were unable to offset declining value to traditional markets. Read More
Wu Xiangdong, known as China's "Godfather of Baijiu", will see his wealth significantly boosted by at least US$3 billion after his liquor company ZJLD became the biggest listing in Hong Kong this year. Read More
China’s dwindling wine consumption is directly responsible for dragging down global wine consumption, according to OIV, as the associaiton estimates that China has been drinking … Read More
China's leading wine importer ASC Fine Wines staged its first large-scale portfolio tasting of the year, infusing art, nature with wine during the country's largest wine and spirits fair in Chengdu, as confidence gradually returns to the wine industry, boosting market outlook. Read More