Chinese billionaire Jack Ma has purchased two vineyards in the famed Bordeaux winegrowing region in France – the Chateau Guerry and the Chateau Perenne – for nearly 12 million euros ($13.56 million), the Agence France-Presse reports. The news agency says the 64-hectare Chateau Perenne produces about 500,000 bottles of red and white wine annually, while the smaller, 20-hectare Chateau Guerry produces 84,000 bottles of red a year…Full Article: ECNS.cn June 2016

Key Points

  • Chinese investors reportedly own 100 vineyards in southwestern France or roughly 1.5% of the region’s 7,000 vineyards.
  • In February 2016, Alibaba purchased the Chateau de Sours vineyard (500,000 bottles of wine per year) in Bordeaux, southern France.

ChinaAg Comments

  • In 2014, the Hangzhou-based New Century Tourism Group (luxury hotels) purchased a Bourdeaux vineyard (Chateau de Birot, 25 ha of vines out of a total 34 ha).
  • As of early 2014, Chinese investors had bought approximately 70 Bordeaux area chateaus (~1% of Bordeaux’s 8,000 chateaus).
  • In November 2012, the Beijing headquartered Vats Liquor (owned by Wu Xiangdonghas) obtained the Chinese distribution rights for the Bordeaux-based wines of Lafite, Chateau Latour, Chateau Margaux, and Chateau Mouton Rothschild.
  • From 2002 to 2012, Chinese per capita consumption of wine rose from 0.25 liters per year to 1.31 liters.

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