Walmart, the supermarket chain operator, has taken up two boutique Bourgogne estates from lesser-known Bourgogne appellations, for its membership store Sam’s Club across China, as it beefs up its Bourgogne portfolio to attract the country’s expanding urbanites. Read More
Markets
Rumors of a possible alcohol ban within Chinese Communist Party and government organizations have sent liquor giant Kweichow Moutai's stocks briefly tumbling, wiping out millions of stock value, just when the liquor company has overtaken Tencent as the country's most valuable firm. Read More
Malbec, the single grape varietal that is so potently lionized in Argentina, is the star this month across the Pacific Ocean in China’s capital Beijing. Read More
ProWine Singapore staged from September 5-8 in the lion city became the only major sourcing platform for southeast Asian countries since the pandemic and will be an annual event instead of biennial trade fair. Read More
China’s holidaymakers cut back on travels and tourism related spending during the Golden Week of October but spending on dining and alcoholic beverages are on the rise as Covid rules discourage mobility. Read More
Average adult Koreans drank 53 bottles of soju, 83 bottles of beer last year despite declining alcohol consumption. Read More
Despite late resumption of business in mainland China, WSET has reported that in the last academic year (2021-2022) students from a record 75 countries enrolled for a WSET qualification, taking their exams in 15 different languages. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, has finally unveiled its much anticipated made-in-China wine, which will be sold in the Chinese market exclusively starting from October. Read More
Alberto Fernández, the much respected wine merchant who had built Torres China founded by Spanish wine giant Familia Torres as one of the most influential wine importers in China, has announced his departure from the company after serving 23 in his role. Read More
The value of the wines involved would make it the largest wine smuggling case uncovered in recent years in China, and the amount of taxes evaded according to the report alone amounted to RMB 127 million (US$17.5 million). Read More