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.
Tag: Imported wine
Japan to revise alcohol tax
The Japanese government has announced they will revise liquor taxes in October. Mari Yasuda reports from Japan on the impacts, and reactions from importers and merchants.
China’s Lenovo-backed Joyvio suspends wine business
Joyvio, the agricultural arm under IT company Lenovo, has reportedly suspended its imported wine business, fueling speculation about the future of its wine division.
China’s imports slide in H1 as Covid takes toll
China’s wine imports in the first six months of the year slid due to Covid-19, with Chile seeing the sharpest decline among all countries of origins.
Gap between Chinese wine and imported wine consumption is narrowing
Chinese wine is largely believed to be dominating China’s market. That’s not quite the case.
Shenzhen wine merchant sentenced to prison for profiteering from cross-border wines
A wine merchant in Shenzhen bordering Hong Kong has been handed a two-year sentence and a fine of RMB 3 million (US$419,670) for profiteering from tariff-free cross-border wines imported through e-commerce platforms, and illegally selling them for higher profits.
Breaking: Castle Li relieved as GreatWall head by COFCO
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”.
China’s biggest wine importer COFCO changes leadership
China’s state-owned foodstuff conglomerate COFCO has allegedly made important leadership changes for its wine importing business which saw the departureContinue Reading