What has prompted Wuliangye, China's second largest liquor brand to blacklist 46 online sellers including Meituan, Taobao, Douyin and JD.com? Read More
Companies
Australian winery Auswan Creek and French wine producer Bel Eden are joining forces in China through a strategic merger of their domestic distribution channels — a rare show of expansion in an otherwise sluggish market. Read More
Wine25Plus has generated ₩500 million (US$365,000) in sales within just seven months of launching its “Négociant Direct” programme. Read More
Several investment banks have downgraded their target prices for TWE following the news of its withdrawl of profit guideline. Read More
The regulator found that PwC failed to obtain “sufficient appropriate audit evidence” to verify Dynasty’s reported revenues for fiscal years 2010 and 2011, yet still issued an unqualified audit opinion. Read More
Vino Joy News uncovers the identity behind California’s latest wine world intrigue — and why a biotech magnate is swapping peptides for Pinot in Napa and Sonoma. Read More
Longtime wine importer Shanghai Mercuris Wines Co., Ltd. has denied rumours of its closure after speculation spread across the trade, calling the claims “nonsense.” Read More
When a 50% baijiu struggles to sell but a 15% fruit-flavoured version can move 10 million bottles in six months, it’s clear the wind has shifted in China’s liquor market. Read More
Australian wine giant Treasury Wine Estates (TWE) has cut its earnings forecast for its flagship brand Penfolds for the first time this year, citing a slowdown in China as the biggest drag on growth. Read More
Mixue, the world’s largest food and beverage chain by store count, has invested more than US$41 million in a beer company. What’s driving the tea giant’s bold move into the brew business? Read More