Wine sales in China's affluent Guangdong province now account for just 5% of baijiu sales, according to official data. We spoke with local merchants to find out the key reasons behind this decline. Read More
Wine sales
How do wine merchants harness Douyin's colossal influence to amplify their sales? What specific strategies propel their wines into the carts of millions? The report delves into Douyin's dynamic marketplace to shine a light on how wine brands can leverage the platform for sales. Read More
A 50-year-old Napa winery owned by Qinghai Huzhu Barley Wine Co., Ltd., a publicly traded Chinese company, has been suffering seven straight years of losses, totalling more than RMB 100 million (US$13.8 million), according to the latest financial report released by the parent company. Read More
Leading wine merchants in South Korea are facing significant financial strain as the nation's wine market cools, with major importers reporting a sharp decline in sales that has cut their market value and profits by more than half. Read More
The strong comeback of China's dining industry this year is good news for the country's on-trade dpendent wine sector. Read More
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 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