Shandong’s Yantai Changyu Wine Snaps Up 5th Overseas Acquisition

Chinese winery Yantai Changyu Wine Co bought an 80 percent stake in the Clare Valley’s award-winning Kilikanoon Estate in Australia for AUD $20.6 million ($16.4 million). The deal was signed at a ceremony held in Adelaide, Australia, Jan 18…Full Article: China Daily Jan 2018 Key Point To date, this is Changyu Pioneer Wine’s (SHE:000869) fifth

Australia’s Treasury Wine Estates Hopes to Increase its Chinese Market Presence

One of Australia’s leading wine companies has promised to increase its focus on cracking the Chinese market. Michael Clarke, Chief Executive Officer of Treasury Wines, told the company’s Annual General Meeting (AGM) on Wednesday night that the company would seek to widen the gap between Treasury and its competitors in China…Full Article: Xinhua Oct 2017

Australian Wool Destined for China Replaced with Cheap Knockoff

The theft of high-end Australian wool destined for China is under investigation, authorities said on Wednesday [4 October 2017], as customers end up with lower-grade produce in a scam threatening the industry’s reputation…Full Article: South China Morning Post Oct 2017 Key Point In May 2017, law enforcement officials in Melbourne, Australia, began investigating complaints that

Yili Group Looks to Acquire Australia’s Murray Goulburn

Chinese dairy giant Inner Mongolia Yili Industrial Group Co plans to acquire Murray Goulburn, Australia’s biggest dairy products company, The Australian newspaper reported Wednesday [20 September 2017]. The proposed bidders include Mengniu Dairy and CR Ng Fung, according to the report…Full Article: The Global Times Sept 2017 Key Point In May 2017, Yili Group attempted

Hangzhou Wine Association and The Australian Business Chamber Sign a Cooperation Agreement

The Australian Business Chamber signed an agreement with the Hangzhou Wine Association on Friday on trade and investment. Four Australian exporters in different industries also signed Memoranda of Understanding with Chinese partners on Friday [8 September 2017]. Among them, eco-friendly botanical cleaning producer Koala Eco [based in Sydney, New South Wales] will soon be launched