Despite a challenging economic climate and cautious capital markets, investors are betting big on China’s instant alcohol retail boom. Read More
Tencent
The fast growth of instant O2O liquor retail marks a significant shift towards convenience and speed, and has become a new focus for growth even in challenging times. Read More
Tencent has been penalised for the second time for violating antitrust laws related to a wine deal. Read More
China’s antitrust watchdog has handed another round of penalties to the country’s tech giants including Alibaba and Tencent that involve investments in two of the country’s leading drinks trading platforms in ongoing crackdown on monopolies. Read More
9KaCha, known as "China's Vivino" has recently signed a deal with the country's mega social media app WeChat, which would allow it to provide wine search function for its 1.1 billion users. Read More
China's tech giant Tencent is uncorking opportunities in the country's vast and less contested drinks delivery market by investing in a Guangxi-based new drinks delivery service platform called Jiu Xiao'er. Read More
China’s biggest social media platform, WeChat, now boasts more than 1.15 billion monthly active users for a country of 1.4 billion people. What does this mean for people eyeing social media marketing for wine sales in the populous country? Read More