According to data from China's Bureau of Statistics, Chinese residents, on average, allocated about 30% of their spending to food, tobacco, and alcohol, including wine, last year. Read More
China
As Chinese New Year approaches, the frequency of border crossings between tax-free Hong Kong and the mainland has increased, alongside a rise in illegal wine smuggling. Read More
Following Australia’s setback in China market, Chile's anticipated market expansion was underwhelming. Here's why. Read More
ASC Fine Wines, China's largest fine wine importer, has formally announced that its COO Mario Aron will be stepping down due to personal reasons. Read More
China has officially launched an anti-dumping probe into EU-produced brandy, dealing a huge blow to leading brandy and cognac producers including LVMH, Pernod Ricard and Remy Cointreau. Read More
Cult Wines has robustly denied allegations of cancelling Bordeaux En Primeur wine orders worth €20 million. The allegations, initially reported by a Chinese media outlet, has caused a huge stir among the wine trade in China, Bordeaux's largest export market. Read More
ASC Fine Wines, China's leading wine importer and distributor, has announced a strategic partnership with Kanaan Winery, significantly enhancing ASC's domestic wine offerings at a time when domestic preference for Chineese wines is on the rise. Read More
More than a hundred of employees at Treasury Wine Estates staged a protest to demand better pay in response to costs of living crunch and China reopening hopes. Read More
China's biggest domestic winery is expanding its stake in Australian winery Kilikanoon as the country is expected to lift crippling punitive tariffs on Australian wine as early as April next year. Read More
China's wine industry, grappling with the aftermath of the pandemic, faces a sharp decline in profitability, with domestic companies and imported wine markets experiencing significant downturns. But there are signs of resilence. Read More