spirits
Diageo Ups Its Stake In Baijiu Amidst Spirit’s Plunging Sales
Global drinks giant Diageo's consolidation of control over distiller Shui Jing Fang shows the conglomerate's faith that baijiu can rebound from its current slump and catch on with drinkers across… Read More
Global Study Confirms: For China’s Affluent, Luxury Spending Now “A Way Of Life”
A newly released wealth study by Swiss bank Julius Baer has concluded that Chinese luxury consumers are not only making purchases more frequently, but are becoming savvier about their choices. Read More
China’s Top 50 Brands Missing Fashion, Luxury
A recent report of China's top 50 brands is sparse on luxury, with only a few wine and spirits companies making the cut. Read More
More Bad News For Baijiu As Bottle Prices Drop
Amidst the continuing crackdown on banquet and gifting culture, recent Chinese news reports that Moutai baijiu can now be purchased for less then 800 RMB a bottle. Read More
China On Track To Be World’s Biggest Cognac Consumer
Already the world's largest importer of cognac in terms of value, China is expected to surpass the US to become the top cognac consumer by 2020. Read More
Whisky Soars, Baijiu Droops In Wake Of Beijing’s Frugality Campaign
Though makers of high-end baijiu have reportedly been hit hard by Beijing's ongoing frugality campaign, sales of imported liquor continue to plow ahead as more Chinese drinkers knock one back… Read More
“China Has Become A Very Important, Huge Market For Every Cognac Company”
Ranking second after the US in cognac consumption, China has quickly become the number one target market for cognac brands as the spirit remains the preferred tipple for many of… Read More
Shaken And Stirred: Vermouth Makers Look To Gain Foothold In Hong Kong
With many locals still hung up on spirits like cognac or Scotch, a small but devoted coterie of Hong Kong-based bartenders are pushing the boundaries by creating a range of… Read More
Baijiu Sinks, Wine Booms In Second-Tier Wuhan
The Chinese government's ongoing crackdown on officials spending public money on high-priced liquor and banquets isn't just hitting the baijiu market in Beijing, it's causing a ripple effect throughout the… Read More
Luxury Gift-Giving In China: Down, But Definitely Not Out
We've previously noted the changing dynamics of China's culture of gift-giving, hastened by Beijing's recent crackdown on excessive spending by government officials, but this week, a new Hurun Report survey… Read More
