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spirits

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    Study Links CCP’s Crackdown To Business Banquet Spending Slump

    Jing Daily  |   Share
    A new survey of 100 Chinese companies finds tangible evidence that the main reason for huge cuts to "corporate entertainment" expenditures is, unsurprisingly, the government's ongoing anti-extravagance campaign. Read More
  • Diageo Ups Its Stake In Baijiu Amidst Spirit’s Plunging Sales

    Jing Daily  |   Share
    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
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    Global Study Confirms: For China’s Affluent, Luxury Spending Now “A Way Of Life”

    Jing Daily  |   Share
    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

    Jing Daily  |   Share
    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

    Jing Daily  |   Share
    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

    Jing Daily  |   Share
    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

    Jing Daily  |   Share
    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”

    Nora Chen  |   Share
    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

    Nora Chen  |   Share
    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

    Jing Daily  |   Share
    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
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Jing Daily KraneShares China Global Luxury Index

Track the global market performance of the luxury sector in China. With current news updates, share prices, and stock market data based on Chinese consumer interest, this index monitors the overall health within the market.

Daily Returns: 06/01/2023

Index LevelDaily Change% Change
256.22-$1.06-0.41%
LVMHKeringRichemont
-$1.24+$0.05-$0.19
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