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.
ASC Fine Wines is seeking a ‘rebirth’ in 2016 by selling more affordable wines through local distributors.
Paul Pontallier, long time director of Château Margaux, has died only one week before the Bordeaux 2015 en primeur tastings.
Three of China’s biggest online distributors of alcoholic beverages, 1919.com, Jiuxian.com and Wangjiu.com have set out plans to significantly increase their service for wine lovers, announced during Chengdu Food and Drinks Fair.
The biggest food and wine fair in China, the Chengdu Food and Drinks Fair, opened today (24th March), with an official promising 'increased censorship'.