King Power, Thailand’s duty-free monopoly at five major airports, is seeking to terminate its long-term concession contracts early, saying a collapse in Chinese tourism and the government’s scrapping of wine import duties have severely undercut sales and made its business unsustainable. Read More
Market analysis
U.S. wine exports to Canada fell 93% in April, the steepest year-on-year drop in more than two decades, as Canadian provinces pulled American alcohol from store shelves in response to U.S. tariffs. Read More
China's delivery giant Meituan, which entered the annual June 18 shopping festival, or 618 festival, for the first time this year, saw total transaction volume on its platform double in the first 24 hours after the campaign launch on May 28. Read More
Vietnam had previously signed free trade agreements with the European Union, Australia, and New Zealand in 2018 and 2019, leading to the gradual elimination of tariffs on wine. However, the 60% excise tax could negate the benefits of these agreements. Read More
China’s new generation of young couples is opting for milk tea instead of alcohol at their weddings — a growing trend gaining traction across social media.
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Changyu, China’s largest wine producer, is selling its French Cognac estate and related property for 4.8 million euros (about US$5.2 million) as part of ongoing efforts to offload underperforming assets and shore up its finances. Read More
How much alcohol are people in Hong Kong drinking? Which drinks are falling out of favour, and which ones are bouncing back? We crunched the numbers from the past 20 years—so you don’t have to. Read More
The milestone marks a shift in Hong Kong’s alcohol import landscape, which for more than 15 years had been dominated by wine after the government eliminated wine import tariffs to position the city as a global wine hub. Read More
China and French brandy producers have reached a preliminary agreement on pricing, a key development in Beijing’s anti-dumping investigation into European brandy imports that signals easing tensions between the two sides. Read More
Will the latest alcohol ban for Party and government meals spur home consumption and non-alcoholic sales? We talked to experts to find out. Read More