China’s biggest online drinks retailer 1919 Wine and Spirits, partly owned by e-commerce giant Alibaba, has bounced back from a pandemic-hit year to report a strong half-year performance over 2020 and Covid-free 2019. Read More
Wine sales
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
The newly released 2020 China On-Premise Report provides rare and important data about “on-premise distribution and the best selling wines in China”, according to its introduction. Read More
Hong Kong's publicly listed wine company, Major Cellar, has issued a profit warning this month, alerting shareholders that the city's months of social unrest and Covid-19 could shave off up to HK$35 million (US$4.5 million) of its profits for the year ended on March 31 2020. Read More
China's biggest and oldest winery, Changyu Pioneer Wine Company, is calling for the removal of consumer tax on wines to boost the country's domestic wine consumption. Read More
Singapore has added new restrictions to its partial lockdown as of today Wednesday 22 April 2020.
All barber shops and hairdressing salons are now closed.… Read More
Singapore entered into semi-lockdown on 7 April 2020.
Bars, cinemas, gyms and other entertainment venues had already been closed since 26 March 2020 and yesterday … Read More
The Hong Kong government is ordering bars and pubs to close for two weeks starting from April 3 as it ramps up efforts to contain … Read More
The first set of official figures released by China’s alcoholic drinks trade body confirmed what everyone was fearing that the country’s nationwide wine sales are … Read More
After previously adjusting its earning forecast from 10-15% down to 5-10%, the Australian wine giant Treasury Wine Estates has now said the forecast will no … Read More