China: Latest beverage news & analysis
Gifting is still an “integral” part of wider Chinese culture, but the country's anti-extravagance campaign has been “incredibly disruptive”, Diageo's Asia head has told analysts.
The head of Moët Hennessy has predicted that Cognac shipments to China will bounce back in the second half of the year.
Remy Cointreau's CFO has said the company won't drop Cognac prices in China as it would damage “not only our image, but our DNA”.
Monster Beverage Corp has identified China as one of its long-term priority markets as it continues to step up efforts to enter the country.
In August, when the Coca-Cola Co announced it was to pay US$2.15bn for a 16.7% stake in Monster Beverage Co, there was a general consensus that both sides would benefit.
Beer production in China has fallen for the first time in a decade, with the country's anti-corruption crackdown being blamed, according to local reports.
China's state-backed Beijing Yanjing Brewery is looking to sell a 20% stake to a foreign partner, according to a report.
Reforms to the rules covering foreign ownership of baijiu brands in China could see an influx of overseas investment in the category, according to a new report.
China is expected to regain top spot as the biggest consumer of red wine over the next five years after anti-extravagance measures saw France take over, new figures have shown.
Tingyi (Cayman Islands) Holding Corp has promoted James Wei to the role of group CEO.
SkyPeople Fruit Juice has reappointed its chairman Xue Yongke as CEO almost two years after he first stepped down.
Brown-Forman has signed a "co-operation agreement" with Chinese baijiu maker Wuliangye Yibin Co.
The Chinese edition of the ProWine exhibition saw an 8% lift in visitors this year, while exhibitor numbers grew by 10%, organisers have said.
China is to drop duty on Australian wine imports after the two countries signed a “landmark” free trade agreement.
Tingyi has reported a slump in year-to-date beverage sales as poor weather affected its Q3, but profits were still up.
Tennis player Novak Djokovic was on top of the world yesterday after defeating Andy Murray in four sets to take the Australian Open title.
A joint US and Chinese study released this week found that a tea made with broccoli sprouts helps the body to break down and expunge high levels of the chemical benzene.
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