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

China Foods Transfers Great Wall Wine Brand to COFCO

Continuing to dispose of its non-Coca-Cola assets, China’s second largest winemaker has transferred its money-losing wine business to a unit under parent firm COFCO Corp. In a HK$5 billion ($649 million) deal, China Foods Ltd. has offloaded its prestigious Great Wall brand, including five production plants in China, five wineries in and outside the country,

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

Chinese Maoists Upset With Alibaba’s Tmall Global Wine Festival

Chinese Maoists protested against Alibaba’s Tmall Global Wine Festival on September 9, calling it “unethical” as the date coincides with founding leader Mao Zedong’s death anniversary. Mao died on September 9, 1976…Full Article: The Global Times Sept 2017 Key Point In April 2016, Alibaba’s Jack Ma announced the launch Tmall’s September 9 Wine Festival. The