The fast growth of instant O2O liquor retail marks a significant shift towards convenience and speed, and has become a new focus for growth even in challenging times. Read More
China
ASC Fine Wines, the leading wine importer and distributor in China and a member of the Suntory Group, joined the global celebration of Suntory's 125th anniversary by participating to the group’s newly designated “Suntory Philosophy Month.” Read More
Hong Kong's once-bustling wine scene faces unprecedented new challenges amid the city’s economic downturn, shifting demographics following expat exodus, and an increasing number of penny-wise locals who prefer to wine and dine across the border. Read More
Will the Chinese buyers, once the backbone of Vinexpo Hong Kong, return in force amidst an economic cooldown? Or if their absence signals a deeper and more lasting change in demand and consumption patterns. Read More
In the interview, the CEO shares why instant retail is “a new highlight in the wine distribution evolution in China" and how ASC strategically pivoted to engage the next generation of wine consumers. Read More
One of Australia’s biggest organic wineries, Salena Estate, has gone bankrupt following a domino effect of financial challenges triggered by hefty tariffs imposed by China. Read More
Zong Qinghou, the self-made drinks billionaire who once became the country’s richest man, has passed away on Sunday at age 79 after ineffective treatment of an unnamed illness. Read More
China's Ministry of Commerce is hinting at a crucial decision on whether to lift tariffs on Australian wines, as Australian wine exporters wait with bated breath on the final green light to re-enter China market. Read More
Anchoring the Greater Bay Area's economic tides, the wine show that had firmly staked its claim in the affluent South China, linking the region's economic powerhouses, is making a comeback for its much-anticipated second edition. Read More
Shanghai, Beijing of course are on the list but there's one province that showed significant growth that defied the overall slump. Here are China's top 10 wine importing provinces and cities in 2023. Read More