Asian buyers have continued to snap up top rated mature Burgundy in a succession of recent Hong Kong auctions, but sales also suggest collectors are searching for a greater diversity of wines.
Some of the world’s biggest auction houses are going head-to-head in Hong Kong this week with a series of fine and rare wine sales.
Chinese online retailer Yesmywine has confirmed that Googut Wine & Spirits Co. Ltd, a Chinese drinks company known for vintage baijiu, has agreed to acquire a shareholding in its business.
France’s Comité Champagne has launched a Chinese version of its online educational platform to promote the region and its wine culture in China.
One of China’s biggest electronic product retailers GOME is testing the water of the online wine market by launching a selection of imported wines ‘directly sourced from producers’, as a part of its strategy to boost its e-commerce presence.
Bordeaux wine is set to be protected as a registered geographical indication in China under the Provisions on the Protection of Geographical Indication Products.
A power shift in China’s imported wine market has seen a switch from traditional, high-end wine connoisseurs to younger and more casual drinkers, says a new study.
Shanghai is to showcase fine wines at former World Expo venues as a part of its inaugural international yachting festival, but organisers said they would choose ‘good value’ wine to promote ‘quality but not luxury’.
Chinese buyers have shown interest in Bordeaux 2014 en primeur wines, but pricing is crucial, according to the chief executive of ASC Fine Wines, John Watkins.
The search for the best wines on sale in Asia has begun after the Decanter Asia Wine Awards 2015 opened for entries, with DecanterChina columnist professor Li Demei appointed as a vice-chair for this year’s competition.