Watson’s Wine, Hong Kong’s largest wine retailer, is cutting premium spirits prices by up to 60% and plans to open a dedicated premium spirits shop early next year as part of its goal to grow its market share in the spirits sector to 25% within the next three years.
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How has Pudao thrived in a challenging environment, and why is wine education and popularization a key focus of its business? We spoke with Celia Liu, who took over as director of Pudao last year, on the brand's 15-year journey in an evolving market and its vision. Read More
How much wine did China's e-commerce giant JD.com sell in first three quarters this year? What's the most searched grape variety on the platform? JD.com's top wine buyer reveals all the key data here. Read More
In September, wine imports in China experienced a modest recovery after a significant plunge in…
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Last week, a live stream hosted by Googut Spirts was taken over by angry former employees demanding overdue wages, blowing its cashflow issue wide in the open. Read More
Industry leaders from BBR, Wine's Link, Northeast Wines & Spirits, and MyiCellar are applauding Hong Kong's new spirits tax cut and revealing how it will reshape the city’s high-end spirits trade. Find out what this game-changing move means for the future of Baijiu and luxury liquor in Hong Kong.
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The International Organisation of Vine and Wine (OIV) has made history by electing its first President from Africa. Read More
The conglomerate is also an investor in Googut Spirits, a Chinese drinks company known for its vintage Baijiu and the owner of YesMyWine.com, which was once dubbed the “number one global wine e-commerce platform” by Bordeaux École de Management. Read More
Korea’s wine market continues to contract in the first half of the year, as the country’s leading importers including Nara Cellar and Lotte are reporting profit loss - more than 240% in one case. Read More
TWE has agreed to a AU$65 million (US$43.47 million) settlement to resolve a class action alleging the company breached its continuous disclosure obligations and provided misleading earnings guidance following a downgrade in 2020. Read More