Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines. Read More
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Pernod Ricard, one of the biggest spirits companies in the world, is temporarily relocating its executives outside of Hong Kong, as the city clings onto its self isolation in face of record-breaking Covid cases. Read More
A court in Shanghai has recently prosecuted three fraudsters who churned out and sold counterfeit Bordeaux wines worth RMB 1.4 million (US$220,174). Read More
China’s harsh anti-dumping tariff imposed on Australian wine has cost Australian wine industry AU$ 1 billion, according to the country’s wine trade body, resulting in a 30% decrease in Australia’s overall wine exports last year. Read More
Hong Kong’s wine market made a triumphant rebound last year, signalling the market has returned to pre-Covid level in 2019 but uncertainties hang as the city imposes toughest Covid curbs yet. Read More
Luxury group LVMH's wines and spirits revenue soared 26% last year, thanks to reopening of on-trade business in the US, Europe and a rebound in Asia. Read More
China’s wine imports failed to recover in 2021 and has hit a historical low, continuing a worrying downward trend as the latest customs data has shown, with both volume and value contracting during the 12 months. Read More
A wine importer in China has been handed a one-year-and-three-month sentence and a hefty fine of RMB 550,000 (US $86,460) for wine smuggling, taking advantage of cross-border e-commerce platforms that more than halved wine taxes. Read More
China’s regional court has convicted four men of counterfeiting Penfolds’ trademark, after uncovering more than 1,140 bottles of fake Penfolds and 500kg of unbottled bulk wines during a police operation last January. Read More
As Euro Chamber expects Hong Kong's zero-Covid policy to last until 2024, we explore here the impacts it will play out on local wine market. Read More