Shanghai police busts fake Penfolds and Bordeaux
A raid by Shanghai Police has uncovered over 50,000 bottles of fake wines including Penfolds and Bordeaux as well as known spirits and Baijiu brands worth over US$31.1 million.
Tag: Baijiu
Sotheby’s offers ‘first’ and ‘most valuable’ Moutai at auction
A rare collection of Moutai and the oldest Karuizawa released will go under the hammer at Sotheby’s auction this month.
Premium alcohol consumption surge in Guangdong in 2020
Guangdong’s premium alcohol consumption bucked a prevailing downward trend and managed to report a double-digit growth last year despite the pandemic and consumers’ cautious spending.
China introduces ‘strictest’ booze ban for civil servants
A few cities in China have introduced what is called “strictest booze ban” for civil servants, which bans them from drinking even after working hours.
Nielsen: frequent drinkers in China fuel consumption during lockdown
Frequent drinkers in China increased spending during the lockdown months in China, while occasional drinkers dialed back on alcohol consumption, a new report by consumer data giant Nielsen has found.
Chinese company uses Moutai as collateral for US$32.5m bank loan
China’s most known white spirit, Kweichow Moutai, has been guzzled down by some of the most fearful drinkers and fuddledContinue Reading
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.