Acquisition strengthens Meituan’s front-warehouse capabilities in eastern China and deepens its push into alcohol delivery. Read More
alcohol
Instant liquor retail market went through another consolidation as another major player has changed hands: Henan Liquor Easy Trading Corporation Limited (酒便利), has sold about 51% of its equity through a court-supervised auction. Read More
Saudi Arabia is easing one of its strictest social controls by allowing high-income non-Muslims to buy alcohol in designated stores, part of the kingdom’s broader push to open its economy and reshape long-standing religious restrictions. Read More
The Thai government has reversed a controversial afternoon alcohol ban following outcry from bars, restaurants and tourism groups. Read More
The World Health Organization has watered down its language on alcohol in a new United Nations health agreement, following months of heavy lobbying by the global drinks industry, delivering a much needed win for the global drinks industry. Read More
Two months after Beijing moved to soften its alcohol ban, some merchants report a faint sales uptick in August. But for most, the question remains: has business truly bounced back—or are deeper troubles still dragging the market down?
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Sparkling wine emerged as a bright spot in China, but according to IWSR, the market will face continued pressure. Between 2024 and 2029, the overall Total Beverage Alcohol (TBA) category is expected to contract at a -1% CAGR, while wine is projected to decline -3% annually. Read More
What are Shanghai’s top-selling wines? We dug into sales data from Waima—Meituan’s alcohol delivery arm—to find out what the city’s drinkers are really reaching for. The results might surprise you. 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
Wine is expected to be the only major alcohol category to shrink in volume over the next decade, even as the global beverage alcohol market adds US$34 billion in value, according to new forecasts from IWSR. Read More