久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Industries

Virtual vintners sink roots deep in China, unnerve wine importers

(Agencies) Updated: 2016-07-04 08:13

Virtual vintners sink roots deep in China, unnerve wine importers

A woman promotes imported red wine products at a promotion in Yichang, Hubei province. China's wine market, hit hard by the Chinese government's crackdown on ostentatious spending and corruption in 2012, is starting to show signs of revival. [Zhou Jianping/For China Daily]

Wu Zhendong sees himself as something of a wine buff. The 25-year-old lawyer from China's western city of Chengdu is a member of his local wine club, likes to drink Chateauneuf-du-Pape-and now, like many of his peers, buys most of his wine online.

Wu reflects a major shift in China's $14.2 billion wine market, where increasingly price-savvy shoppers are driving a boom in online trade, upending the fast-growing market that has long been dominated by large-scale importers.

China's wine market, hit hard by Beijing's crackdown on ostentatious spending and corruption in 2012, is starting to show signs of revival, but lavish spending by China's wealthy elite has been replaced by more prudent consumption.

"The rich and famous don't want to be seen consuming and they don't want to buy here, they want to buy in Hong Kong or elsewhere," Bruno Baudry, chief executive of China's largest traditional wine importer ASC Fine Wines, told Reuters.

Suntory Group-owned ASC is increasing its sales online and recently strengthened a tie-up with e-commerce giant Alibaba Group Holding Ltd, said Baudry. "We are not an e-commerce company ... but it's an important vector of growth."

Still ASC, which grew fast as Chinese buyers boomed in the early 2000s, has taken a hit: sales were down 9 percent last year even as the imported wine market rose by around a third. Baudry hopes the firm's new strategies will help it grow sales 3 percent this year, still slower than the wider market.

"The market is recovering but it has changed tremendously," said Guillaume Deglise, chief executive of wine trade fair Vinexpo, adding thinner margins meant larger firms with big overheads were having to trim down their costs.

"The market used to be driven by the big boys. These guys are now struggling."

As Chinese economic growth slows and more cost-conscious consumers opt for cheaper wines, big traditional importers are having to re-think strategies to compete against nimbler local rivals.

Logistics firms, small importers and wine makers are also tapping the online market to prune costs and reach more directly to China's vast market, long seen as a goldmine for vineyards from Bordeaux to the Barossa.

"Big companies are struggling because low-cost, smaller firms have the advantage, especially with the market completely driven by price," said Johnny Yang, Shanghai-based head of small importer Wines Direct.

Lawyer Wu, for example, said he now bought around 80 percent of his wine online-including from specialist platform Wineyun.com-because of lower prices and a wider selection than local physical stores.

The market's rapid change is part of a wider boom in e-commerce in China, where a mix of tech-savvy shoppers and a surge of e-commerce investment from taxi hailing to fast-food has created an explosive online market.

Major online players like JD.com Inc and Alibaba's Tmall have also got into the market, selling a combined 45 million bottles of wine last year.

That has hit the likes of ASC, which has seen sales of luxury French "Grand Cru Classe" wines halve since 2012 and a major client, Australian winery Treasury Wine Estates Ltd, opt to pull its entire business from July to work more directly with Chinese wholesalers and online channels.

Treasury declined to comment for this story.

"Most of (last year's) growth was driven by lower-end wine imported by smaller Chinese companies and logistics firms and then sold online," said Tommy Keeling, analyst at alcohol market research firm IWSR.

In Australia's Hunter Valley, boutique wine makers like Bill Sneddon are creating another challenge to big importers. With a crackdown on tax incentives at home, Sneddon and others are looking to export more to China via small traders and the web.

"We're all hanging our hat on China and we all rely on growth coming out of the Chinese market," Sneddon, chief winemaker at Allandale Winery, told Reuters.

Allandale produces around 25,000 cases of wine a year and China has now overtaken the United States and the United Kingdom as its major export market, Sneddon added.

Hot Topics

Editor's Picks
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    久久久无码中文字幕久...| 精品无码一区二区三区在线| 久久艹国产精品| 成年人网站大全| 无码毛片aaa在线| 91色国产在线| 亚洲 自拍 另类小说综合图区| 在线免费观看av网| 国产亚洲精品网站| 视色,视色影院,视色影库,视色网| wwwxxx黄色片| 精品人妻大屁股白浆无码| 亚洲综合欧美在线| 国产女大学生av| 欧美大片免费播放| 国产精品久久久久久久av福利| 日韩a在线播放| 99在线免费视频观看| 在线a免费观看| 欧美三级理论片| 国产97在线 | 亚洲| 国产精品免费看久久久无码| www.51色.com| 99热这里只有精品在线播放| 国产精品秘入口18禁麻豆免会员 | 亚洲高清免费在线观看| 精品无码一区二区三区在线| 一二三在线视频| 日本高清免费在线视频| 天天爽人人爽夜夜爽| 亚洲国产精品久久久久爰色欲| 老司机激情视频| 丰满女人性猛交| 91亚洲精品久久久蜜桃借种| 亚洲色图38p| 熟妇人妻va精品中文字幕| 99爱视频在线| 免费无遮挡无码永久视频| 麻豆tv在线播放| 青青青青草视频| www.亚洲视频.com| 欧美这里只有精品| 日本道在线视频| 黄色录像特级片| 亚洲啊啊啊啊啊| www插插插无码免费视频网站| 亚洲精品少妇一区二区| 超级碰在线观看| 9色porny| 久久久久久久久久久99| 人妻少妇精品无码专区二区| 久久综合九色综合88i| 国精产品一区一区三区视频| 免费av手机在线观看| 国产毛片视频网站| av之家在线观看| 丝袜老师办公室里做好紧好爽| 色欲av无码一区二区人妻| 少妇性饥渴无码a区免费| 黄色国产精品视频| 日本a√在线观看| 中文字幕第80页| www.cao超碰| 咪咪色在线视频| 8x8x华人在线| 国产精品久久中文字幕| 国产精品无码一本二本三本色| 天天操天天爽天天射| 午夜福利123| 中文字幕日韩精品无码内射| 免费看毛片的网址| 18禁男女爽爽爽午夜网站免费| 一级黄色香蕉视频| www.51色.com| 农民人伦一区二区三区| 国产精品亚洲a| 欧美特黄aaa| 欧美视频在线第一页| 波多野结衣乳巨码无在线| 可以免费在线看黄的网站| 日本高清免费在线视频| 国产九色porny| 毛片毛片毛片毛片毛片毛片毛片毛片毛片 | 国内自拍在线观看| 国产高潮免费视频| avove在线观看| 国产成人精品视频免费看| 亚洲天堂av线| 大地资源网在线观看免费官网 | 久久99999| 成人在线免费观看视频网站| 北条麻妃在线观看| 欧洲在线免费视频| 国产成人在线免费看| 999在线观看| 欧美乱大交xxxxx潮喷l头像| 中文字幕在线观看第三页| 91免费版看片| 欧美伦理视频在线观看| 久久精品在线免费视频| 成人性生生活性生交12| www.一区二区.com| 久久撸在线视频| 蜜臀av无码一区二区三区| 亚洲天堂av一区二区三区| 1024精品视频| 大桥未久一区二区| 成人黄色一区二区| 99久久免费观看| 五月激情五月婷婷| 99爱视频在线| 嫩草影院中文字幕| mm131亚洲精品| 男人揉女人奶房视频60分| 男插女免费视频| 天天插天天操天天射| 噜噜噜久久亚洲精品国产品麻豆| 亚洲妇熟xx妇色黄蜜桃| 成人在线观看a| 成人av在线不卡| 国产不卡的av| 成年人在线观看视频免费| 久久综合九色综合88i| 黄色网zhan| 国产成人美女视频| 黄色一级一级片| 欧美视频在线免费播放| 午夜啪啪福利视频| 伊人网在线综合| 国产淫片av片久久久久久| 国内少妇毛片视频| 欧美少妇一区二区三区| 想看黄色一级片| 波多结衣在线观看| 三年中国国语在线播放免费| 九色在线视频观看| 成人精品视频在线播放| 成人一区二区av| 中文字幕黄色大片| 激情黄色小视频| 香蕉视频禁止18| 精品www久久久久奶水| 国产在线青青草| 欧美 日韩 国产在线观看| 热99这里只有精品| 亚洲不卡中文字幕无码| 日本丰满大乳奶| 9l视频自拍9l视频自拍| 韩国一区二区在线播放| 日韩成人av免费| 国产探花在线看| 中文字幕精品一区二区三区在线| 日韩大片一区二区| www.精品在线| 亚洲欧洲日本精品| gogogo高清免费观看在线视频| 天天干天天干天天干天天干天天干| 色婷婷综合久久久久中文字幕 | 国产在线视频综合| www.欧美黄色| 日韩精品一区二区在线视频| 国产精品igao激情视频| 欧美国产视频一区| 老太脱裤让老头玩ⅹxxxx| 浮妇高潮喷白浆视频| 国产成人亚洲精品无码h在线| av天堂永久资源网| 少妇人妻互换不带套| 天美星空大象mv在线观看视频| 日本精品久久久久中文字幕| 国产精品一区二区羞羞答答| 狠狠干狠狠操视频| 久久av喷吹av高潮av| 国产一级做a爰片久久毛片男| 91动漫在线看| 成人午夜视频免费在线观看| 激情视频免费网站| 毛毛毛毛毛毛毛片123| 免费观看亚洲视频| 国产91对白刺激露脸在线观看| 国产性生交xxxxx免费| 美女网站视频黄色| 国产大尺度在线观看| 日韩精品在线视频免费观看| 97成人在线观看视频| 天天操狠狠操夜夜操| 青青视频免费在线观看| 激情伊人五月天| jizz大全欧美jizzcom| 欧美性受黑人性爽| 免费看的黄色大片| wwwwwxxxx日本| 成人一级生活片| 国产天堂在线播放| 亚洲综合在线一区二区| 人人妻人人澡人人爽欧美一区双| 男人天堂999| 熟女视频一区二区三区| 国产午夜福利100集发布| 777视频在线|