Two Chinese Baijiu (white spirit) producers and one wine distributor have jointly bought the whole share of a wine processing and producing plant in South Australia.
Fresh customs figures shows that China’s wine import figures continue to grow in both volume and value during the first three months of 2016. Australian and Chilean wines leaped in volume, while French wines are showing significant growth in average price.
Chinese importer ASC Fine Wines intends to bring more wine brands to its online shop, amid making major investments on digital distribution channels.
New figures show that 10 countries drink around two thirds of the world's wine, but who is drinking the most? See below for a graphic prepared by Decanter using OIV data.
China's COFCO conglomerate has said it will sell its controlling stake in Chateau Junding and a related wine subsidiary in the country for just 1 yuan.
The head of one of China's largest online drinks retailers, Jiuxian, believes Australian wine will be increasingly popular with Chinese consumers and intends to sign at least 10 import deals during a visit to the country.
A new sales day devoted exclusively to deals on wine and dubbed 9/9 is to be held by online retailer Alibaba in China from 9 September this year, company founder Jack Ma has announced.
The Chinese interest in buying Bordeaux en primeur is ‘recovering’, though the key lies in the price of the ‘modern and charming’ 2015 vintage, said merchants.
French winemakers have sent tens of thousands of litres of Spanish wine gushing onto the motorway in southern France, in protest at mass produced foreign wine entering the country.
China’s biggest winemaking company, Changyu, is set to double its wine education presence in 2016.