There must be something festive in the air as Chinese New Year approaches, since I'm writing about the alcoholic beverages industry for the second time this week with word that leading domestic wine maker Dynasty Fine Wines Group (Thursday, 7 February, 2013, 10:16am
If you think the producer of the world's most sought after Bordeaux is worried about a slowdown in sales in China, think again.9 Dec 2012 - 3:59am
In 2003 I managed to visit the top three Chinese wineries: Dynasty, Changyu and Great Wall. It wasn't long into the trip that I would hear a phrase repeatedly: 'We are the biggest in China, and the best.' It was a mantra conveyed within the first 10 minutes, several more times during the trip and repeated at least twice at the conclusion of my visit.12 Jul 2012 - 12:00am
Mao-tai is at a crossroads. Prices for the highly alcoholic drink have collapsed after a de facto ban on its use at official functions.
Meanwhile, global luxury brands are circling the market and snapping up stakes in distillers that make sorghum-based spirits.18 Jun 2012 - 12:00am
Yihaodian, the mainland e-commerce service controlled by the American retail giant Wal-Mart, plans to uncork the growing domestic demand for imported wine by bringing brands from the world's top wine producers to its online shopping platform.30 May 2012 - 12:00am
There is no doubting the most revered name in mainland wine circles, especially among the Bordeaux-loving, money-splurging, face-seeking nouveau riche. Any entrepreneur wanting to give an ostentatious display of his wealth at a banquet simply has to order a bottle of Chateau Lafite, preferably a sought-after vintage that is priced at a lucky 88,888 yuan (HK$109,000).28 May 2012 - 12:00am
Dynasty Fine Wines aims to climb the value chain to break into the high-end market dominated by French labels.
While China may have become a major buyer in the global wine market, many of its winemakers and distributors have been finding it difficult to break into the big league.7 Apr 2012 - 12:00am
The consumption of imported wine on the mainland shot up sixfold in just five years, making it the fastest-growing market in the world, a global survey shows.
That's something to raise a toast to, despite a forecast that the rate of growth will be much lower in the next five years. An industry practitioner describes the pace as 'still solid growth'.14 Mar 2012 - 12:00am
China habitually captures headlines for setting world records at wine auctions and for its insatiable demand for fine wines such as Chateau Lafite. It is easy to forget that China is a global player as a wine producer and ranks in the top 10, with a production of about 10.9 million hectolitres last year.29 Dec 2011 - 12:00am
Moet Hennessy's joint venture to produce high-end sparkling wine on the mainland would expand the nation's wine market and mature its industry, producers said.14 May 2011 - 12:00am