Chinese authorities have dismantled a major counterfeit baijiu operation that sold fake “vintage” versions of top brands through livestreaming platforms, with the case valued at about 260 million yuan (US$36 million). Read More
Baijiu
China’s tobacco and alcohol shops once sat at the centre of the country’s wine and spirits distribution network.
For years, these neighbourhood stores served as … Read More
73% of alcohol deliveries now go to homes, while more than 90% of trade players warn the once-dominant banquet- and wedding-driven growth model is no longer sustainable.
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Grace Vineyard is now making a sharp turn toward baijiu and beyond, in a sweeping overhaul that could redefine its identity following its ownership change. Read More
Shenzhen Eternal Asia Supply Chain Management Ltd., once hailed as China’s first publicly listed supply chain company, expects to report its first annual loss since listing. Read More
The chairman of Wuliangye, China’s second-largest baijiu producer, is under investigation for suspected serious violations of discipline and law, Chinese authorities said. Read More
Diageo denied speculation that it is preparing to sell its Chinese baijiu business after reporting weaker first-half results and cutting its dividend, as sharp declines in China continued to pressure drinks giant. Read More
A baijiu distributor in northern China says he was beaten and left hospitalised after confronting a state-owned liquor boss over an unpaid bill worth about US$110,000. Read More
VATS Liquor, China’s first A-share–listed liquor distributor, said it expects to post its first full-year loss as falling alcohol prices and inventory write-downs weigh on earnings. Read More
After rumors of layoffs and possible sale to a Chinese baijiu distiller, global spirits giant is reviewing a sale of Shui Jing Fang amid a global slowdown. Read More