Bottled wine imports into China declined last year, marking the first negative growth in the modern history of vinous shipments into the country.
Two of Bordeaux’s leading players speak to the drinks business about the volatile Chinese market and the current mood among négociants.
Never say ‘no’, discuss politics, make jokes or show the soles of your shoe when doing business in China, according to speakers at a conference in HK.
Brand owners should look to China’s biggest urban clusters for potential customers, according to the president of the Cheil China Group.
Yet another Bordeaux wine estate has passed into Chinese ownership following the purchase of Château Renon by entrepreneur James Zhou.
A rising demand for tiger bone wine and tiger skins in China is threatening to drive the animal towards extinction in the wild.
China’s austerity campaign will affect luxury drinks for a further two years, according to Kiki Yang, partner at Bain management consulting.
Wealthy Asians are broadening their search for wine estates, driving major price hikes in regions such as Sonoma, Hawke’s Bay and Barossa Valley.
Chinese investors are seeking wineries outside of France with tech entrepreneur William Wu buying a controlling stake in the Swartland Winery in South Africa.
A Chinese buyer has acquired a Northern Médoc property from its French and Dutch owners who decided to sell following recent difficult vintages, especially this year when hail decimated its crop.
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