Weak demand and falling sales of mid- to high-end wines weigh on earnings as China’s largest wine producer, resulting in its worst performance yet on record.
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Profits
VATS Liquor, China’s first A-share–listed liquor distributor, said it expects to post its first full-year loss as falling alcohol prices and inventory write-downs weigh on earnings. Read More
China's delivery giant Meituan is reporting a record quarterly loss amid rising price war among its competitors. Read More