1919 raises US$31m funding from property developer
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.
Tag: Alibaba
China’s anti-graft watchdog calls to eradicate business drinking
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.
Alibaba fires manager accused of raping staff after a drunken night
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.
Alibaba-owned 1919 reports 50% growth in wine & spirits revenue
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.
Wine guide to Hangzhou
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.
China’s top 10 best performing online drinks stores revealed
Here are the top 10 best performing online drinks stores in China.
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.
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.