Sylvia Wu / 吴嘉溦's articles
China government funds misused to buy French vineyards, say officials
Chinese state-owned Haichang Group has been accused of wrongly diverting government money to buy Bordeaux vineyards, as part of an investigation by China’s National Audit Office.
Half a million virus-carrying young vines destroyed in Ningxia
The Forestry Bureau of Ningxia has destroyed more than half a million young vines, which it said were carrying a virus that could harm the Chinese region’s fledgling wine industry.
Remy Cointreau halves value of stake in Dynasty
Remy Cointreau has halved the estimated value of its stake in Chinese winemaker Dynasty over the past two years, amid ongoing uncertainty around the group’s financial situation.
New trademark offers guarantee on Chinese wine quality
A new trademark open to Chinese wineries producing wines to a specific set of rules has been launched by a nationwide trade body to offer a quality guarantee to consumers.
Saint Emilion’s Chateau Quercy sold to Chinese investor
Chateau Quercy, an 18th Century Saint Emilion Grand Cru estate, has become the latest Bordeaux wine property acquired by a Chinese buyer and sales agents expect more deals to follow.
Chinese wine importers entering ‘the Era of Warring States’
New figures suggest there is a large turnover of small-to-medium wine importers in China, underlining the recent uncertainty in the market.
Hong Kong firm buys New Zealand vineyards for NZ$46.4m
New Zealand wine estate Mud House Wines has sold all five of its vineyards to a Hong Kong-based company, marking Asian investors’ growing interest in the New World.
Chinese wine producers feel profits pressure
China’s domestic wine industry is going through a particularly difficult period, with reports that some growers have ripped out vines due to lower consumer demand in the country.
Chinese wine consumers ‘less reliant on famous brands’
Figures showing a drop in overall wine imports to Mainland China hide evidence of emerging consumer demand for lesser known and lower priced labels, argue some merchants.
Changyu sees wine profits slide
China’s biggest wine producer Changyu suffered sharp drops in both sales and profits in 2013, due to ‘drastic changes’ in the market.