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
China
Wine has enjoyed the highest growth among all alcoholic beverages in Taiwan, earning it a nickname as "red gold" in Taiwan. Read More
On October 8, China’s most famous wine influencer, Wang Shenghan—known to millions as Lady Penguin—took to social media with an announcement that shocked millions of her fans. Read More
A wine merchant in Hainan, China’s southernmost province, has been fined more than 100 times the retail price for selling expired Moscato from Accolade Wines, Australia’s second-largest wine producer, amid ongoing struggles to deplete aging inventory. Read More
China’s Ministry of Commerce announced on Monday it will impose anti-dumping deposits ranging from 30.6% to 39.0% on brandy imported from the European Union, starting from October 11. Read More
In this exclusive interview, Edward Ragg MW shares his thoughts on what’s next for China’s wine industry and outlines his future plans following Wine Advocate’s decision to pause Chinese coverage. Read More
The New Zealand Winegrowers Association recently released its annual report for the 2024 fiscal year, revealing a challenging year for the country's wine exports. Read More
White wine is gaining popularity in China this summer, despite an overall contraction in wine consumption in a country that has traditionally been dominated by red wine. Read More
China’s wine exports to Japan soared by 255% in 2023, according to recent trade data from Japan's Ministry of Finance. The value of these imports also jumped by 189%, signaling growing acceptance of Chinese wines in the Japanese market. Read More