Pandemic and border closure have spelled more pains for Hong Kong's wine market, as trade data shows the fine wine hub's role is quickly diminishing, a somewhat thorny and sensitive subject that will split wine crowds in Hong Kong.
China’s biggest wine and spirits trade fair has set its date on March 25-27, after cancelling the fair in 2020 due to coronavirus pandemic, and promises a roaring comeback with largest exhibition space yet to “seek new opportunities”.
'Safer and healthier': JD sees China organic product sales boom after establishing Organic Alliance with brands
21-Dec-2020 By Pearly Neo
E-commerce giant JD has seen a boom in organic product sales in China after working with brand partners to establish the country’s first-ever organic alliance, with the firm saying demand has been boosted by consumers seeking 'safer and healthier' food.
CDFG’s President Underlines the Potential of Hainan Island Travel Retail Market
02-Dec-2020 By Dermont Davitt
China Duty Free Group (CDFG) President Charles Chen underlined the vast potential of the Hainan Island travel retail market and said he welcomes the addition of new players who will help to “grow the size of the cake” in the offshore duty free business.
Treasury Reallocates Penfolds Ranges Away From China Following ‘Devastating’ Tariff Hike
30-Nov-2020 By Arabella Mileham
Australian wine giant Treasury Wine Estates is pulling back some of its Penfolds range from China – which accounts for nearly 40% of the iconic brand’s earnings – to concentrate on other markets following the imposition of a huge 169% ‘anti-dumping’ tariff on its wines.