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French Court Seizes 9 Bordeaux Chateaux from Chinese Tycoon

TWE ramps up hiring in China/ Wine Sales in Guangdong dip/ Will Bordeaux price cuts lure back Chinese buyers?

Author

Natalie Wang
May 16, 2024

Hi, this is Natalie from Vino Joy News. What a busy week! We have just launched our waitlist for our China’s 50 Top Wine Importers report. The 60-page long report will be officiall released on May 23!

We are also hosting a panel discussion on May 29 during Vinexpo. If you haven’t signed up yet, be sure to do so, because you don’t want to miss out what the three industry titans have to say about China market.

Without further ado, here are the top news stories from Vino Joy.

French Court Seizes 9 Bordeaux Chateaux from Chinese Tycoon

A French court on Wednesday has ordered the confiscation of nine chateaux in Bordeaux owned by Chinese property tycoon Qu Naijie, following his conviction for laundering allegedly more than US$30 million funds from the Chinese government.

Treasury Wine Estates to Boost China Workforce by 67% in Aggressive Market Re-entry

Treasury Wine Estates, Australia’s largest wine producer, plans to increase its workforce in China by two-thirds this year following re-entry into its biggest export market.

Mâcon and Gevrey-Chambertin AOCs Officially Protected in China

China has officially recognized the protection for two Bourgogne appelllations of Mâcon and Gevrey Chambertin Appellations d’Origine Contrôlée (AOCs), “the first step” in recgonizing all Bourgone appellations, says top Bourgogne wine bodies.

Meituan: China’s Bar Economy is Recovering with a 90% Surge in Orders

China's bar scene is lively again, according to latest report from Meituan, noting the strong recovery of wine bars in particular.

With Price Cuts on Bordeaux En Primeur, Will Chinese Bite or Bail?

Now with an average of 20% price cuts of this year' Bordeaux En Primeur, will the Chinese wine merhcants, who were largely absent from tasting week take the bite now or bail?

Australian Vintage CEO Fired Over Conduct

The CEO of Australian Vintage was abruptly fired over “conduct issue”, as the publicly listed company is seeking a merger with Accolade Wines.

Wine Sales in Guangdong Drop to 5% of Baijiu Total

Wine sales in China’s affluent Guangdong province has plummeted to RMB 1.9 billion (US$262.9 million) last year, a year-on-year decrease of 36.6%, according to data released from the province’s official wine and drinks body.

Wine By Hand Or Mother Nature?

Nellie Ming Lee explores the distinct characteristics of Domaine Schlumberger, including the everyday Les Princes Abbes Riesling and vintage selections like the 1945 Riesling, crafted under the duress of WWII.

Other Top Stories

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