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. Read More
Imported wine
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
China’s state-owned foodstuff conglomerate COFCO has allegedly made important leadership changes for its wine importing business which saw the departure of its longtime general manager … Read More