King Power, Thailand’s duty-free monopoly at five major airports, is seeking to terminate its long-term concession contracts early, saying a collapse in Chinese tourism and the government’s scrapping of wine import duties have severely undercut sales and made its business unsustainable. Read More
Wine
A Singaporean man has been sentenced to more than seven years in prison for masterminding a fraudulent wine investment scheme that defrauded investors of over SGD 12.6 million, authorities said. Read More
U.S. wine exports to Canada fell 93% in April, the steepest year-on-year drop in more than two decades, as Canadian provinces pulled American alcohol from store shelves in response to U.S. tariffs. Read More
China's delivery giant Meituan, which entered the annual June 18 shopping festival, or 618 festival, for the first time this year, saw total transaction volume on its platform double in the first 24 hours after the campaign launch on May 28. Read More
Vietnam had previously signed free trade agreements with the European Union, Australia, and New Zealand in 2018 and 2019, leading to the gradual elimination of tariffs on wine. However, the 60% excise tax could negate the benefits of these agreements. Read More
China’s new generation of young couples is opting for milk tea instead of alcohol at their weddings — a growing trend gaining traction across social media.
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A new generation of Chinese winemakers is breaking away from big-budget châteaux and industrial formulas. United by a shared passion for craft, identity, and terroir, these indie producers are banding together to reshape the future of Chinese wine—at home and on the global stage. Read More
South African wine could be the next to enjoy zero-tariff access to China under a sweeping new trade policy that Beijing has proposed this week for 53 African countries. Read More
Is Lafite’s First Chinese White Wine on the Way? With 20,000 grapevines just been shipped to Long Dai in Shandong, all signs point to a white wine debut from Lafite’s Chinese estate soon. Read More
Treasury Wine Estates has launched a A$15 million dedicated facility for low- and no-alcohol wine production in South Australia’s Barossa Valley, marking a major investment in the growing global demand for lower-alcohol alternatives. Read More