Watson’s Wine, Hong Kong’s largest wine retailer, is cutting premium spirits prices by up to 60% and plans to open a dedicated premium spirits shop early next year as part of its goal to grow its market share in the spirits sector to 25% within the next three years.
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Wine
Here are the top 10 wine shops on Alibaba's Tmall and Taobao during this year's Singles Day promotion based on sales figures obtained by Vino Joy News. Read More
With fresh leadership under CEO Guillaume Truchot and new talent in the cellar, discover how this boutique Champagne house is navigating change while honoring its roots. Read More
The International Organisation of Vine and Wine (OIV) has made history by electing its first President from Africa. Read More
Argentina exported 178,000 liters of wine to China, but the value accounts for just 6% of what is exported to the US. Read More
The conglomerate is also an investor in Googut Spirits, a Chinese drinks company known for its vintage Baijiu and the owner of YesMyWine.com, which was once dubbed the “number one global wine e-commerce platform” by Bordeaux École de Management. Read More
Hong Kong has announced a major reduction in its spirits tax, slashing it from 100% to 10% on spirits priced above HKD 200 (US$25) per bottle, in a bid to replicate the success of its earlier wine tariff removal. Read More
On October 8, China’s most famous wine influencer, Wang Shenghan—known to millions as Lady Penguin—took to social media with an announcement that shocked millions of her fans. Read More
On September 26, Asia Wine Service & Education Centre (AWSEC), Asia’s leading professional wine, sake, spirits, and beer education provider, celebrated its 30th anniversary with a gala dinner at The Langham Hong Kong. Read More
A Vino Joy News investigation found that sales of premium wines in this channel, which allows consumers to buy duty-free products without leaving the country, are facing pressure from traditional wholesalers and cross-border e-commerce platforms, where prices are more competitive. Read More