If the slide continues, most likely 2023 will be the worst performing year in a decade since anti-corruption clamdown. Read More
China’s wine market
Wine business in China is proving to be a weak link in the country’s drinks industry’s recovery as wine companies struggle to fully bounce back from the pandemic-induced sales downturn. Read More
China's wine imports seem to be slowly gaining momentum as declines ease, in an early sign that demand is picking up, a year after the pandemic. Read More
Dashui Wine, the leading wine and spirits company in South China, has announced in a letter that it's closing its business for good, due to the pandemic. Read More
The country’s domestic wine production suffered a fifth year drop while wine imports plunged both in volume and value, according to the latest official data. Read More
Joyvio, the agricultural arm under IT company Lenovo, has reportedly suspended its imported wine business, fueling speculation about the future of its wine division. Read More
As the year of 2019 ends, we talked to key decision-makers in China’s wine industry to evaluate what has come to shape what’s been described by wine merchants as a turbulent year, and what’s at stake for 2020. Read More
China’s biggest online drinks retailer 1919.cn has reportedly closed 20 offline stores in Shanghai and is planning more closures nationwide amid the country’s slowing economy, according to Chinese media. Read More
Castle Li, one of the most important personalities in China’s drinks industry, has been relieved from his position as general manager of China’s second biggest domestic winery over “discipline violation”. Read More