A French court on Wednesday has ordered the confiscation of nine chateaux in Bordeaux owned by Chinese property tycoon Qu Naijie, following his conviction for laundering allegedly more than US$30 million funds from the Chinese government. Read More
Dalian
Qu Naijie, the founder of Chinese conglomerate Haichang Group, is to stand trial for allegedly misappropriating €32 million of Chinese state fund that was earmarked for investing in technology to buy 25 chateaux in Bordeaux. Read More
China’s wine imports failed to recover in 2021 and has hit a historical low, continuing a worrying downward trend as the latest customs data has shown, with both volume and value contracting during the 12 months. Read More