Australian Wine Booming in China, BUT... As noted in our recent newsletters, the Chinese business landscape is always eager to explore new and fresh opportunities. This enthusiasm has recently extended to the wine industry, with a notable surge in demand for imported Australian wine. However, while this initial boom is promising, it's crucial to recognize that the current Chinese wine market is vastly different from what it was in 2019. The question arises: Why are wine sales sluggish in China despite this increased interest? The answer lies in understanding the evolving Chinese consumer and the rapidly changing market dynamics. The wine market in China is no longer characterized by the traditional purchasing patterns that once drove sales. The tastes and preferences of Chinese consumers have shifted, and so too have their expectations. The Chinese market now demands more than quality; it seeks innovation, uniqueness, and a personalized experience. What's Changed in the Chinese Wine Market? Consumer Preferences: The modern Chinese consumer is well-informed and discerning, with a growing interest in diverse and high-quality wine selections. They are not just looking for imported labels but are keen on exploring new tastes and experiences. Digital Transformation: The pandemic accelerated the digital transformation of retail, with e-commerce becoming a dominant sales channel. Consumers increasingly prefer online shopping, leveraging the convenience and variety it offers. This shift means that traditional marketing and sales channels may no longer be as effective. Economic Factors: Economic uncertainties and changing economic policies have also played a role in altering consumer spending habits. Luxury goods, including high-end wines, are being purchased more cautiously. In conclusion, while the initial excitement for Australian wine in China is encouraging, adapting to the new market realities is essential. By embracing innovative marketing strategies and exploring new selling channels, Australian wine exporters can unlock the full potential of this dynamic market. The key lies in understanding and catering to the evolving tastes and preferences of Chinese consumers, ensuring a sustained and prosperous presence in this exciting market. Wine for China/Export Asia Group are educators, that is we deliver to the Australian wine producer the knowledge tools and the relationships to succeed in China over the long term, our courses are held in Shanghai China. A critical component is to understand the marketing processes in China, enabling your wine brand to be recognized clearly and decisively in a crowded marketplace. “When you have the Knowledge, you have the Power “ (Dr John Troughton) Please check our knowledge power course dates on our websites @: www.wineforchina.com.au www.exportasiagroup.com.au Dr John Troughton Chairperson, Greg Medway CMO mb 61487028657 gregorymedway@gmail.com
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A great news here
It seems that the good people at Financial Times (that would be Thomas Hale and Adrienne Klasa) have taken notice of our almost famous building site, here in Longyan, Fujian. Thanks for the coverage! #whiskyforthepeople
Chinese whisky distilleries give western brands a wee dram of local flavour
ft.com
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Nice to have a mention in this article.
It seems that the good people at Financial Times (that would be Thomas Hale and Adrienne Klasa) have taken notice of our almost famous building site, here in Longyan, Fujian. Thanks for the coverage! #whiskyforthepeople
Chinese whisky distilleries give western brands a wee dram of local flavour
ft.com
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Government & industry affairs practitioner | Passionate about stakeholder relations, strategic communications, politics and best practice | IAP2 Associate
By comparing the cost of the world's most popular soup dumplings, it's possible to navigate one of the most fascinating boulevards of global gastronomy across four continents. If you look at xiao long bao prices through the lens of the economic theory of "purchasing power parity," you'll infer that residents of New York and London have less purchasing power than residents of Taipei or Kuala Lumpur — and that therefore, at least when it comes to soup dumplings, the dollar and the pound are overvalued relative to the New Taiwan dollar or the Malaysian ringgit. #soupdumplingindex #economy
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Our analysis of the Château Troplong Mondot 2023 release has been published. #EnPrimeur #Bdx23. Read the full pricing analysis now.
Château Troplong Mondot 2023 released en Primeur
liv-ex.com
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Author, Speaker, former Regional Chief Legal Officer & Company Secretary with international trade (anti-dumping), cross-border dispute resolution & transactional experience in IT, manufacturing and mining industries
"Beijing Hengtai Feng Catering Co will shutter 14 of its more than 30 stores in the country, including in the capital Beijing, Tianjin, Qingdao, Xi’an and Xiamen by October 31, the company said in a WeChat statement. The decision was attributed to the expiration of business licence and the board’s disagreement over renewal. The announcement came as the likes of fast food brand KFC to local coffee chain Luckin Coffee Inc find themselves locked in a race to woo thrifty customers... Din Tai Fung restaurants in China typically have a per capita expenditure of about 150 yuan (US$21 or RM91), according to Dianping, a Yelp-like restaurant app. That per capita spend is increasingly at odds with an environment where high-end restaurants are rolling out buffet deals and fast food chains bombarding customers with deals that cost a little more than just a dollar. The Taiwanese chain, which has more than 180 stores globally since being founded in 1958, is not alone in scaling back operations in China. Multiple fine-dining restaurants with per capita spending of more than 500 yuan in China’s eastern metropolis of Shanghai have halted business this year, according to local media reports." Din Tai Fung to Close China Outlets Amid Weak Consumer Spending, 𝘉𝘭𝘰𝘰𝘮𝘣𝘦𝘳𝘨, 26 August 2024, https://lnkd.in/gs9QPGbt
Din Tai Fung to Close China Outlets Amid Weak Consumer Spending
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🍇 Missed the Webinar? Catch the Replay! 🍷 Looking to tap into the immense potential of the Chinese market for your Australian wines? 🍷 China remains one of the largest and most dynamic markets for wine exporters, and despite challenges, opportunities still abound! In this insightful session, we explored: ✅ Identify Financing Options : Explore funding solutions to support your export business. ✅ Outsourced Business Development : Learn how to engage local experts to represent your winery, secure distribution deals, participate in trade shows, and develop sales strategies for both bulk and bottled wine. ✅ Brand Representation & Marketing : Discover methods to boost your winery's presence through articles, social media, wine tastings, and business tours. ✅ Operational Support : Gain insights on setting up a business in Hong Kong or China, covering compliance, regulations, and hiring 💡 Don't miss out on this valuable information to help your business expand into this fast-growing market. Click the link below to access the replay and gain expert insights on how to unlock new opportunities in China! 🎥 Replay Available Now: https://lnkd.in/gKySUpNH #WineExports #ChinaMarket #AustralianWine #GlobalBusiness #WineIndustry #ExportOpportunities #MarketExpansion #ChinaTrade ALTIOS International
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Business for Sale Unveiling a Unique Wines & Spirits Opportunity This esteemed organization, boasts a 20-year legacy as a reputable importer of wine and spirit products situated in Manila • Since its inception in the mid 90’s, it has been at the forefront of Southeast Asian inflight travel retail distribution • Renowned for its leadership in the field, the company has successfully carved a niche with a primary focus on portable, lifestyle-oriented alcoholic beverages • Pioneering the cup-on-a-bottle category and introducing innovative canned wines featuring select foreign brands, has consistently kept it as a trailblazer in the industry • With a keen eye on the burgeoning alcohol beverage market, the company specializes in marketing innovations tailored for millennials and contemporary women • Navigating the airline sector or the realm of snacking markets, their wines and spirits enjoy a prominent presence with leadership and extensive distribution. In an exciting phase of growth, the owner is actively exploring opportunities for the business's future NOTE: Owner request confidentiality NDA required before more information is provided. For inquiries: Jard Gerona | Business Broker Mobile | Viber +63998 4689366 Email gerard.gerona@linkbusiness.ph #businessforsale #LINKPHisHere #authorityinsellingbusinesses #gamechanger #buyabusiness #mergersandacquisitions #expats #exitstrategy #jardgeronabusinessbroker
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Lengthy and insightful article on Singapore and regional rum scene by our founder.
If Your Rum Can Make It In Singapore, Your Rum Can Make It Anywhere: A Chat With The Rum Cartel's Honcho & Rum Scene's Go-To Rum Guy, Frederic Langlois
88bamboo.co
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With the tide of globalisation, Chinese cuisine has become a significant presence in global dining. Chinese food businesses are actively expanding into overseas markets, driving the diversification of the food industry. In August 2024, Yingke Law Firm established the Yingke Global Food Business (Overseas) Service Centre, aiming to be a trusted, high-quality provider of business compliance and legal services for global food enterprises. Using our unique advantages in overseas markets, we provide a comprehensive range of business, compliance, and legal services to Chinese food businesses and their supply chain partners. This includes policy research, trademark registration, company incorporation, shop leasing, design and decoration, labour recruitment, supply chain and warehousing, investment institution connections, and dispute resolution. Moving forward, Yingke will continue to embody the philosophy of integrating law and business through its overseas branches, meeting the needs of Chinese food businesses expanding globally. We believe that by building strong partnerships, we can help businesses overcome challenges related to law, culture, and market entry, and together, open a new chapter in the globalisation of Chinese cuisine. #YingkeLawFirm #YingkeGlobalOneHourLegalServiceEcosystem
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Do the business heartily，drinking beer happily.🍺🍺🍺 When someone comes to China, most foreigners will mention Shanghai ，Shekou and Ningbo, while Qingdao is rarely mentioned. Have you heard of Qingdao? Have you ever been to Qingdao? Have you ever imported or exported goods in Qingdao? Because of its excellent location, people live and work here. Thousands of freight forwarding companies have taken root here, and shipping companies from all over the world have developed here. Emphasize the advantages and characteristics of Qingdao Port: 1, the leading ROE level of the northern port of China. 2. Perfect transportation business, tug business, tally business, agency business and terminal business. 3, the geographical position is superior, the route density is the first in the north. 4, one of the main comprehensive ports in the Bohai Sea region. 5, the only port in China with a terminal, dock handling efficiency is the world's leading. Besides, Qingdao is a very beautiful city with suitable climate and convenient transportation all year round. A lot of friends from other places want to settle here. Qingdao has a lot of attractions worth visiting and a lot of special food worth tasting. Welcome to Qingdao to taste our special Qingdao beer. The overseas team of Easton & UDL Group are always here，come on !!! 🌸
