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Billionaire Wood Chen Linked to NT$1 Billion Fake Wine Scandal in Taiwan
Wine Meets Diplomacy: How This Chinese Winery is Bridging China and France
Natalie Wang
July 23, 2024
Hello, this is Natalie from Vino Joy News.
This past weekend, I took my family to Shenzhen, where it was immediately apparent that we were surrounded by fellow Hong Kong residents. The service at restaurants was swift and attentive, and the costs were significantly lower than what we’re used to in Hong Kong. This dynamic continues to challenge Hong Kong’s dining and hospitality sectors.
In the past week, Vino Joy News has covered several significant stories. One major headline is the shocking fake wine scandal in Taiwan, where the source of the counterfeit wines has been traced back to Wood Chen. Wood is the brother of Pierre Chen, whose renowned wine cellar is currently being auctioned by Sotheby’s. In another development, a former employee of the Penfolds distributor in China has been convicted for the theft of 400 cases of Penfolds wine.
Another topic that has captured widespread attention is the merger of Accolade Wines and Pernod Ricard’s wine operations in Australia, New Zealand, and Spain. Additionally, as this year marks the 60th anniversary of China-France diplomatic relations, we have highlighted a Chinese winery that symbolizes the vinous connection between the two nations through their collaborative wine venture.
More headlines below.
Billionaire Wood Chen Linked to NT$1 Billion Fake Wine Scandal in Taiwan
Taiwanese billionaire Wood Chen, brother of Pierre Chen, is at the center of a NT$1 billion fake wine scandal that is sending shockwaves through Taiwan's wine collecting circles.
Hong Kong Lawmakers Call For Removal of Spirits Tax
 | Hong Kong lawmakers are advocating for the removal of the 100% spirits tax to transform the city into a regional hub for spirits consumption and trading, mirroring the success achieved with wine. |
China To Begin Hearing on EU Brandy Probe
 | China has begun its first formal hearing on EU brandy, which would determine the fate of US$1.75 billion brandy imports into the country. |
Wine Meets Diplomacy: How This Chinese Winery is Bridging China and France
In the world of wines, each bottle tells a story. Some speak of the soil that cradles the vines, others whisper of the seasons that sculpt them, but the most captivating tales are those of enduring bonds and shared dreams. Such is the story of Domaine Franco-Chinois (DFC).
Employee of Penfolds’ China Distributor Sentenced for ¥2.25 Million Theft
 | A former employee of Penfolds’ China distributor has been sentenced for orchestrating a theft of wine valued at over RMB 2.25 million (US$309, 555), according to a recent disclosure by the Jiashan People’s Court in Zhejiang province. |
Accolade Wines to Merge with Pernod Ricard’s Wine Assets in Major Industry Move
 | Australia’s second-largest wine group, Accolade Wines, will merge with Pernod Ricard’s Australian, New Zealand, and Spanish wine businesses for an undisclosed amount. The deal aims to strengthen the combined entity’s position amid industry challenges facing wine. |
Other Top Stories
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