This price hike marked its first price adjustment in China since the government imposed anti-dumping measures on European brandy imports earlier this year. Read More
Companies
Australian wine giant Penfolds is facing a pricing crisis in China, with its wines appearing at drastically different price points following the lifting of tariffs on Australian wine. Read More
In China, 84.64% of wine-related companies report annual sales below US$ 0.69 million. Read More
The wine bar attracted high foot traffic with its famous RMB 99 (US$ 13.60) three-hour free-flow wine package.
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Coterie Holdings, a UK-based holding company focused on wine, acquired Global Wine Solutions, a supplier of fine wines and spirits to yachts, last Friday. Read More
A foreign-owned restaurant group operating more than ten upscale restaurants and bars in Shanghai has abruptly shut down, leaving behind unpaid debts to landlords and suppliers, including two prominent wine importers listed among China’s Top 50 Wine Importers. Read More
Low-cost wines are gaining ground in South Korea as price-conscious consumers turn to directly sourced bottles priced under 10,000 won (US$7.06). Read More
JD.com, a platform celebrated for its commitment to authentic products, is under fire after a wine and hairy crab promotion turned into a false advertising controversy. Read More
Following the success of Sam's Club, Freshhippo is also launching its own in-house wines, raising concerns among traditional wholesale wine merchants for fear of losing out lucrative market share. Read More
Leon Liang left a secure corporate career to pursue his passion for wine, a journey that began with blind tasting championships and led to the creation of Sannianjian, a chain of curated wine shops that blend cultural insight with expert selection. Here's the story of Sannianjiang, a haven for China's tight-knit wine community. Read More