China’s global ‘colonization’ of vineyards
China’s thirst for wine has led to a global vineyard purchasing spree. Here, we have mapped out well-heeled Chinese buyers’ global acquisitions.
Tag: Alibaba
Shenzhen wine merchant sentenced to prison for profiteering from cross-border wines
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.
Chinese popular social media’s sale ban on baijiu raises fear for wine
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.