After twice being delayed due to resurgences of Covid-19 cases, the much-anticipated Wine to Asia show has pinned down new dates this December in Shenzhen. Read More
Pandemic
China’s leading online wine and drinks retailer 1919 gets a fresh round of cash injection of RMB 200 million (US$31 million) from a Chinese property developing company. Read More
The much-anticipated Wine to Asia has been postponed again due to recent flare ups of the more infectious Delta variant that has spread from eastern Nanjing to 27 different cities across China. Read More
Hong Kong International Wine & Spirits Fair has launched a new consumer event this August ahead of its main fair in November, which has been delayed twice due to the pandemic. Read More
Bars have been hit hard in mainland China and a new report estimates that about 6,000 bars in the country went out of business during the pandemic year.
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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
Global wine consumption in the pandemic year reached the lowest recorded level of consumption since 2002, and China is the key driver for the downward trend, says OIV. 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
Global pandemic coupled with China's crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds. Read More
China's biggest wine and spirits trade fair has announced that it will postpone its fair schedule from originally planned March to April, after the hosting province issued a directive to ban large-scale, sales-oriented gatherings as part of its precautionary measures following small clusters of infection. Read More