From baijiu to imported wine, once bulletproof brands are losing their shine. Data from the National Bureau of Statistics show alcohol prices have been falling for months, weighed down by weak consumer demand and distress sales. Read More
Penfolds
When Australia’s most famous wine label meets one of China’s biggest baijiu distillers, the result is not just a limited-edition bottle but a glimpse into the uneasy realities of doing business amid declining sales. Read More
Amid the slump, wine sales provided a rare bright spot. VATS liquor store said wine revenue rose 10.96% to RMB 246.7 million (US$34.5 million) in the first half. Read More
Australian wine label Penfolds will bring its “Re-Corking Clinic” to Hong Kong on Aug. 22–23, offering collectors a chance to have aged bottles inspected, authenticated, and re-corked under the supervision of its chief winemaker. Read More
Treasury Wine Estates has warned of a slowdown in stock depletion in China since June, as tighter alcohol restrictions and changing drinking habits dent sales momentum in its biggest Asian market. Read More
In a rare public disclosure, the GM of the liquor supply chain company under state-owned conglomerate C&D Inc. shared its 2024 sales revenue. Read More
With a price tag more than double that of Grange, we spoke to Penfolds distributors to gauge whether Chinese consumers are willing to pay up—at a time when spending is tightening. Read More
With just a junior high school education, Zhuang built one of China’s largest alcohol smuggling rings, evading $20 million in taxes and exposing a vast underground network exploiting e-commerce and Hong Kong trade routes. Read More
What are Shanghai’s top-selling wines? We dug into sales data from Waima—Meituan’s alcohol delivery arm—to find out what the city’s drinkers are really reaching for. The results might surprise you. Read More
What wines are Chinese consumers actually drinking today? To find out, Vino Joy News compiled a ranking of the 10 most popular wines sold on Jiu Xiao Er (酒小儿), China’s leading instant alcohol delivery platform. Read More