China mulls cutting down hotel quarantine to 2 days and its new Q3 data suggests better-than-expected result as the country welcomes a new leadership. Read More
China
China’s millennials and Gen Z who wield “considerable purchasing power” are reshaping China’s multi-billion wine market, as they become the main drinking force behind expanding country’s overall wine market size and per capita consumption in the next five years. Read More
For anyone hoping that China would open up after 20th Party Congress, you will have to wait longer. Meanwhile a set of data is causing concerns in the trade as it estimates the country faces a RMB 300 billion alcohol glut. Read More
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
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
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
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