Hong Kong-listed Grace Vineyard has taken another step away from its roots as one of China's best-known boutique wineries, investing in a historic baijiu producer as its new controlling shareholder accelerates plans to build a broader alcohol business. Read More
Baijiu
China has moved to regulate alcohol-free wine and beer alongside conventional alcoholic beverages, tightening controls on sales to minors in its first comprehensive update on the country’s drinks regulation in 21 years following the fast rise of e-commerce and instant retail. Read More
Smaller celebrations, tighter budgets and changing attitudes are reshaping one of the drinks industry's most dependable sales channels. Read More
China has officially named its 80 biggest drinks chains for the first time. The leader runs more than 3,500 stores; the gap to No. 80 is over 350-fold. Read More
The global alcohol market contracted for a third consecutive year in 2025 and for the first time spirits overtook wine in volume. Read More
When official figures show one of China's consumer categories posting double-digit growth, you'd expect the people selling that product to be feeling pretty good. Yet interviews with listed companies, traditional distributors, liquor retailers and regional industry associations tell a strikingly different story. Read More
The next wave of Australian spirits is landing in Shanghai. Meet 20 distilleries in one tasting. Read More
Baijiu sales in 2025 suffered sharp drops but wine managed to grow for Vats Liquor Store. Read More
As China’s baijiu market becomes increasingly competitive and growth slows, producers are being pushed to look beyond their home turf. “Going global” has shifted from ambition to necessity. Read More
Chinese authorities have dismantled a major counterfeit baijiu operation that sold fake “vintage” versions of top brands through livestreaming platforms, with the case valued at about 260 million yuan (US$36 million). Read More