Your ultimate source for everything related to China's wine market
China’s antitrust watchdog has handed another round of penalties to the country’s tech giants including Alibaba and Tencent that involve investments in two of the country’s leading drinks trading platforms in ongoing crackdown on monopolies.
China’s leading online wine and drinks retailer 1919 gets a fresh round of cash injection of RMB 200 million (US$31 million) from a Chinese property developing company.
A sharp-tongued criticism of boozy business drinking from China’s anti-graft watchdog takes direct aim at Alibaba scandal and has sent major Chinese drinks producers’ stocks spiraling on Wednesday.
China’s technology giant Alibaba has been embroiled in a fresh scandal where a female employee alleged that she was molested by Alibaba’s client and then raped by her direct supervisor last month after a booze-filled business dinner.
China’s biggest online drinks retailer 1919 Wine and Spirits, partly owned by e-commerce giant Alibaba, has bounced back from a pandemic-hit year to report a strong half-year performance over 2020 and Covid-free 2019.
Hangzhou, known for its fine silk, UNESCO world heritage site West Lake, and its association with Alibaba, is also a worthy destination for wine crowds.
Here are the top 10 best performing online drinks stores in China.
China’s thirst for wine has led to a global vineyard purchasing spree. Here, we have mapped out well-heeled Chinese buyers’ global acquisitions.
A wine merchant in Shenzhen bordering Hong Kong has been handed a two-year sentence and a fine of RMB 3 million (US$419,670) for profiteering from tariff-free cross-border wines imported through e-commerce platforms, and illegally selling them for higher profits.
Douyin or TikTok, the popular Chinese video sharing app with more than 100 million users, is cracking down on baijiu sales on its platform, raising fear that the latest content regulation could also affect wine sales.