New data from 2024 reveal a steep 29.3% drop in total duty-free sales, reflecting both weakened consumer sentiment and the fading allure of Hainan’s “tourism + duty-free” model. Read More
China
China’s new generation of young couples is opting for milk tea instead of alcohol at their weddings — a growing trend gaining traction across social media.
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China and French brandy producers have reached a preliminary agreement on pricing, a key development in Beijing’s anti-dumping investigation into European brandy imports that signals easing tensions between the two sides. Read More
A consumer behaviour study by the Ministry of Commerce found that 60% of urban consumption now takes place at night, driven by young consumers born after 1995. Read More
It marks the lowest per-head offering in Xinrongji’s 30-year history — and a sign that even China’s most exclusive restaurants are feeling the pressure as the country’s economy slows and consumer habits shift. Read More
China’s appetite for crisp, refreshing wines is fueling a surge in demand for New Zealand Sauvignon Blanc, which is outperforming across major retail and on-demand platforms. Read More
Champagne sales across Greater China continue to face headwinds, but one category—low-dosage styles—is quietly gaining ground. Read More
Changyu's General Manager characterised the industry’s woes with three “cliff-like” declines: in consumer sentiment, in consumption occasions, and in channel momentum. Read More
In this candid profile, Jia Pei—a second-generation liquor retailer—shares her journey from launching a wine store in suburban Chengdu to building a retail chain amid China's shifting alcohol market. From the highs of booming wine sales to the hard lessons of expansion, Jia reflects on resilience, reinvention, and why she’s betting on wine, even as others retreat. Read More
Following LVMH’s announcement of job cuts within its wines and spirits division, beer giant Budweiser has also confirmed workforce reductions across the Asia-Pacific region. Read More