Hong Kong International Wine & Spirits Fair opens today ACN Newswire

Hong Kong International Wine & Spirits Fair opens today

January 10, 2023
HONG KONG, Jan 10, 2023 - (ACN Newswire via SEAPRWire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), the 14th HKTDC Hong Kong International Wine & Spirits Fair (Special Edition) opened today and will run for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre (HKCEC). This year's Wine & Spirits Fair is the HKTDC's first wine event bringing tasting sessions back after a pause during the COVID-19 pandemic. The two-day physical fair is only open to industry buyers and business matching meetings will be set up onsite between buyers and exhibitors to deepen business relationships and open more prospects in the sector.The 14th HKTDC Hong Kong International Wine & Spirits Fair opened today and continues for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre.Local and international trade associations and government organisations participating in our fair with their own pavilions at the fairground, presenting a range of exquisite wines.The first certified kosher Czech whisky is made with the best local ingredients and diluted with local spring water.HKTDC Deputy Executive Director Sophia Chong said: "For the first time since its launch in 2008, the Wine & Spirits Fair is held in January to kick off the wine industry event season in 2023, offering plenty of opportunities for buyers and exhibitors to give their business a boost in the new year. The fair features more than 100 local and international exhibitors, showcasing their fine wine, liquor, baijiu, beer, sake and other alcoholic beverages from around the world, including Argentina, Australia, Mainland China, France, Hong Kong, Italy, Japan, Scotland and the United States. Local and international trade associations and government organisations participating in our fair with their own pavilions at the fairground, include the Hong Kong Wine and Spirits Association (HKWSA), Hong Kong General Chamber of Wine & Spirits (HKGCWS), Craft Beer Association of Hong Kong (CBAHK), Beverage and Food Community (BNFC), National Tax Agency Japan and Fukuoka Prefectural Government."According to the latest wine industry data from the International Organization of Vine and Wine (OIV), as of 2021, the mainland was the world's seventh-largest wine consumer. Hong Kong started its zero-wine duty policy in 2008 and has since become the first free wine port among major economies, boosting wine imports. Hong Kong and the mainland also signed a cooperation agreement in 2010 to facilitate customs clearance for wine exported from Hong Kong to the mainland. Since November 2017, these measures have been extended to every port in the 42 mainland Customs Districts, further fortifying Hong Kong's position as Asia's wine trading and distribution hub. The value of Hong Kong's wine exports for 2021 reached HK$1.595 billion (US$204 million), a 77% year-on-year rise. Most exports in Hong Kong are re-exports of imported wines, with Asia the major market. The mainland and Macao, which together accounted for nearly 66% of 2021 exports, are the major destinations for Hong Kong. In addition, Hong Kong is the third-largest sake export market after the US and mainland.Tradition and technology combine for fine winemakingOverseas and local exhibitors exhibit a variety of fine wines at the Wine & Spirits Fair. Rymill Coonawarra from Australia (booth: S425-03A) brought the 2018 Classic Cabernet Sauvignon from the Coonawarra region in Australia, which is made with carefully selected locally grown Cabernet Sauvignon, aged in French oak barrels. This wine was given a high rating of 95 points by Jane Faulkner in the Halliday Wine Companion 2021; Hong Kong Beer Co., Ltd. (Booth: S423-01) at the CBAHK pavilion presented locally brewed NO LIMITS PALE ALE beer, which is loaded with premium Cryo Pop, Citra, Idaho 7, and Azacca hop cultivars to achieve maximum citrus and tropical fruit flavours and aromas. The Hong Kong local beer has won Silver Medal, Brussels Beer Challenge 2022 and Bronze Medal, International Beer Cup 2022.Specialty wines from rare production regions highlight unique flavoursAt the HKWSA Pavilion, PD Jemmuelson Ltd (Hong Kong) (booth: S226-05) displayed Yuchun Junmai Sake from Taiwan, made with domestic top-grade penglai rice under "pure rice brewing", presenting the flavour of Taiwan; T'z Limited (Hong Kong) (booth: S222-08) at the HKGCWS pavilion presented Trebitsch Single Malt Whisky, the world's first Czech single-malt with international kosher quality certification. Trebitsch is first and only company in the Czech Republic that specialises in whisky production. The whisky is made with the best local ingredients and diluted with local spring water.Grasping the health trend and reshaping tastesArrive Sake Gold (Junmai Daiginjo) demonstrated by TANAKA Shuzoten Inc. (Japan) (booth: S421-15), an exhibitor at the Japan pavilion, is a rare vegan-certified Japanese sake. It is made with luxurious Yamada-Nishiki, the highest grade of sake rice produced in Hyogo Prefecture. The sake has a gentle and full-bodied ginjo aroma; Katsuya Syuzo Partnership Company (Japan) (booth: S428-02) of Fukuoka pavilion presents Honoka sake, light and easy-to-drink, meeting the needs of young people and women who prefer a light taste.Fine wines from around the worldLocal exhibitor Everrise International Trading Co Ltd. (booth: S422) exhibits Kweichow Moutai, the state guest baijiu that is highly sought after in the mainland market. The baijiu has won a number of international awards and has gradually become a new hot pick among consumers. The other local exhibitor, Hong Kong Craft Distilling Co. Limited (booth: S423-03), featured 100% locally brewed N.I.P Rare Dry Gin distilled from 21 different types of traditional gin herbs and raw ingredients with distinctive Hong Kong flavours.Events and seminars to promote industry exchangesA series of exciting activities will be arranged, including Hong Kong Wine Industry Outlook 2023 (With HKWSA); Taking off: A Flight of Local Beer and Cider (With CBAHK); Insider's Guide to Wine Authentication (With HKGCWS); Mystic Island Winery - An Exceptional Chinese Vineyard (With Wine & Spirits) introduces fine wines from Yantai, Shandong; and the 4th Miss SAKE Hong Kong Inauguration Ceremony to promote exchanges between industry players. Websites- Wine & Spirits Fair: http://hkwinefair.hktdc.com/- Product highlights and photo download: https://www.hktdc.com/event/hkwinefair/en- Photo download: https://bit.ly/3k8PPfuAbout HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.orgAgnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Dynasty Fine Wines’s White Wine Revenue Transcends Red Wine for The First Time in The First Half of 2022 ACN Newswire

Dynasty Fine Wines’s White Wine Revenue Transcends Red Wine for The First Time in The First Half of 2022

August 27, 2022
HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Dynasty Fine Wines Group Limited ("Dynasty" or the "Group") (Stock Code: 00828), a premier grape winemaker in China, today announced its unaudited interim results for the six months ended 30 June 2022.During the period, the resurgence of COVID cases in various cities in China caused the imposing of control and lockdown measures in consuming places and also led to adverse impact on consumer sentiment. As a result, in the first half of 2022, the Group's revenue decreased by 44% to HK$101 million, compared to the same period last year, whereas profit attributable to owners of the Company dropped by 45% to HK$10.7 million. However, gross profit margin increased from 38% in the first half of 2021 to 40% during the period.With consumers' growing interest in white wine products of the Group, especially in coastal regions of China, revenue of white wine products transcended red wines products for the first time in the first half of 2022, as the Group's major revenue contributor, accounted for approximately 52% (2021 1H: 41%) of the Group's revenue for the period. Red wines revenue accounted for 45% (2021 1H: 58%). During the period, the gross margin of white wine products and red wine products were 44% and 35% respectively (2021 1H: 35% and 39% respectively).The Group produces a wide range of more than 100 wine products under the "Dynasty" brand. It has been actively pursuing innovation, embracing the "5+4+N" product strategy. The Group's 5 key series of products comprise the air dry series, seven-year reserve series, merlot series, classic series and best-selling series, which cover fully the price range of mainstream markets, whereas the 4 advantageous product categories include dry red wines, dry white wines, brandy and sparkling wines, which enlarge vertical market shares for the Group. Furthermore, the Group boasts the development of "N" kinds of customized products to meet the diversified needs of Chinese consumers. During the period, the Group launched a new round of upgraded products, the innovative 373ml and 180ml Dynasty dry red and semi-dry white series. The new sizes coming with screw caps offer greater convenience to enjoy and young and chic styles that target the young consumer market. The 180ml wine comes in boxes of six, giving young people another choice of drinks than beers in gatherings. As for the 373ml size, with online-to-offline (O2O) platform support, consumers can scan the product QR code and get rewards. Moreover, the Group has created a gift box during the period for the collection of "Pleasant Color" wines which targets the young consumer market as well. The gift option is ideal for gatherings with family and friends and festive celebrations. New product launch and product upgrade are not only promoting interaction between consumers and the Group's brand, but also ultimately enable Dynasty's products to reach wider consumer groups.In addition, the Group also sold chateau wines imported from France and other foreign branded wines in China through the Group's existing distribution network. In that way, the Group introduced classic "old world" and "new world" varietals to cater for the consumer group preferring the taste of foreign premium wines.During the year, the Group's e-commerce team started to operate online stores on such traditional e-commerce platforms as JD.com, Tmall and Pinduoduo. Moreover, innovations were achieved across its brands, product categories, business systems, operation procedures and models via new retail platforms including Weibo, RED (Xiaohongshu app), Kuai (Kuaishou app) and TikTok (Douyin app), which replaced the cooperation with distributors. The e-commerce team has also actively cultivated e-commerce live broadcasting talents to further expand the Group's sales channels so as to build up a new customer base.The Group held its tasting and business events this February and June, during which the Group actively promoted its latest product mix that covered all product lines, and received enthusiastic market response. Close to the end of the first half of the year, the pandemic has subsided in most regions of China, and the business and sales of the Group has a gradual recovery to normal. Against this backdrop, the Group will continue its reform in sales and marketing. Following the relaxation of COVID control and lockdown measures, the Group will forge ahead the mass-scale marketing campaign showcasing 20,000 shops, hosting 1,000 wine tasting events and organising 100 plant visits, so as to keep developing and enhancing its point-of-sale network.Mr. Wan Shoupeng, Chairman of Dynasty, concluded, "Looking ahead to the second half of 2022, Dynasty will further strengthen presence in Ningxia and Xinjiang to secure the supply of quality grapes and grape juice, and plan for the development of local production bases of grape juice in these regions in the long term. In addition, following the gradual containment of the COVID situation and relaxation of control and lockdown measures at the end of the second quarter of 2022, as well as the policy support for the recovery of economy, the Board currently remains cautiously optimistic on the business in the second half of 2022. The Group will continue to be well prepared to tackle the uncertainties associated with the pandemic, proactively develop the market, enhance product quality and boost sales volume." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More

ApexBrasil Led 9 Well-known Brands to Attend the International Wine Exhibition

August 18, 2022
HONG KONG, Aug 18, 2022 - (ACN Newswire via SEAPRWire.com) - From August 16 to 18, 2022, the Brazilian Trade and Investment Promotion Agency, ApexBrasil, honorably participated in the 28th Interwine China International Wine Exhibition (Interwine), a national mega-scale imported wine and spirits professional exhibition held in Guangzhou. In this exhibition, a total of 9 well-known brand wine merchants from Brazil participated to exhibit high-quality Brazilian wines to China, which not only deepened and consolidated the wine industry connection between China and Brazil, but also further expanded Brazilian brand wines into the booming wine market in China.Following SIAL, CIIE, Prowine and other exhibitions, Brazil's participation in Interwine is to consolidate its image as a trading partner of China. Brazil has set up an exhibition hall in this event. In addition to exhibiting the potential of the country's wines sector to attract investment, wines, sparkling wines, grape juices and other products have also been exhibited for tasting and using by the Brazilian wines and spirits masterclass, comprehensively interpreting the unique flavor of Brazilian wines. The exhibitors took this opportunity to face the Chinese market directly and establish a closer connection with consumers to lay a solid foundation for future development in China. The well-known brand wine merchants participated in the exhibition includes Aurora, Distillerie Stock do Brasil, Casa Perini, Sociedade de Bebidas Mioranza, Vinhos Salton, Miolo Wine Group, CRS Brands, Nova Alianca and Vivant Winery.With most of its territory located in tropical areas and special geographical locations of wine-making areas, the wines produced in Brazil are unique in personality. The lecture in Brazilian wine and spirits masterclass was given by Terry He, a senior lecturer of French CAFA-Wine School, China branch and the founder of Southern Slope Bar & Store. In the masterclass, Terry He not only introduced the history of Brazilian wines, characteristics of wine-making areas, opportunities in the Chinese market, and differences between Brazilian wines, Chilean wines and Argentine wines, but also led the guests to see the elegant demeanor of Brazilian wines. By tasting 9 kinds of Brazilian wines and spirits, all guests in the class directly experienced the Brazilian culture and vintage wines.To offer the guests a further experience, a reception dinner was held after the exhibition, inaugurated by the Consulate General of Brazil in Guangzhou and the ApexBrasil. The Uniao Brasileira De Vitivinicultura (UVIBRA) introduced the production of Brazilian wines during the dinner, followed by individual demonstrations by the exhibitors one by one, presenting the rich and varied characteristics of Brazilian wines. At the same time, a passionate and unrestrained traditional samba dance performance, jointly arranged by the ApexBrasil and the UVIBRA, allowed the guests to taste the wine products brought by the exhibitors accompany with samba customs, and fully experience the enthusiasm and vitality of the Brazilian wines and spirits industry.Rodrigo Gedeon de Melo, the Chief Operating Officer of ApexBrasil, said, "It is our great pride to have the agreement with UVIBRA since last year that together we will promote the wine products abroad and expand our presence in priority markets including China. Brazilian wine products have been exported to 53 countries and have received various awards and certificates, well received by the markets of these countries. The Brazilian wine industry is ready to expand and reinforce the internationalization of wines, sparking wines and grape juices from the Brazilian companies. When the industry is ready, ApexBrasil stands ready for the promotional activities to help the Brazilian wine industry better seize the opportunities in oversea markets, and today's Interwine Guangzhou is one of the examples." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Dynasty Fine Wines Announces Product Upgrades in 2022, Invigorates its Brands with More New Products Young and Chic ACN Newswire

Dynasty Fine Wines Announces Product Upgrades in 2022, Invigorates its Brands with More New Products Young and Chic

June 20, 2022
HONG KONG, Jun 20, 2022 - (ACN Newswire via SEAPRWire.com) - Dynasty Fine Wines Group Limited ("Dynasty" or the "Group") (stock code: 00828), a premium grape winemaker in China, has upgraded its products in 2022, launching two smaller volume - 373ml and 180ml - wine series in screw cap bottles, and also the Pleasant Color gift box and "Chinese style" product series, offering consumers more new and fashionable products and also to capture share in the young consumer market.Innovative small 373ml and 180ml screw cap productsPleasant Color gift box setThe new "Chinese style" series with the Chinese name of Dynasty on the bottle The Group has launched the innovative 373ml and 180ml Dynasty dry red and semi-dry white series, sizes "disruptive" of the traditional wine market, to help it tap the young consumer market. Unlike the traditional 750ml bottles the Group offers, the new products come with the screw cap to make them more convenient to enjoy, and young people today like to enjoy their wines anytime, anywhere. Of the two new products, intending to snatch a piece of the market from beer, the 180ml comes in boxes of six, giving young people another choice of drinks in gatherings. As for the 373ml series, it promises added value to consumers. With O2O platform support, consumers can scan the product QR code and get rewards, not only helping foster interaction between consumers and the brand, but also giving consumers direct benefits and surprises, and ultimately allowing Dynasty's products to reach wider consumer groups.A grape wine series of entry-level prices, Pleasant Color targets to appeal to young consumers and has been well received since its debut last year. This year, a gift box has been created for it, a gift option ideal for gatherings with family and friends and festive celebrations. In addition, the ready-to-drink series for young consumers, pairs well with hot pot, fusion and private kitchen dishes, thus is popular among young people. With such attributes and support of new media marketing on including Xiaohongshu, Douyin, Kuaishou and Weibo, the series has become a hot choice on the Internet.Dynasty's products typically carry on the bottle the "DYNASTY" brand name. To strengthen brand awareness, the Group has launched a "Chinese style" edition showing its name in Chinese, to bring home its position as a domestic grape wine brand and also to attract mainstream e-commerce consumers who love what China makes and favors. Dynasty plans to promote the series via e-commerce channels and, on top of presence on mainstream e-commerce platforms, efforts will be made to exploit new retail channels using such supplementary promotional means as live streaming or videos.In recent years, Dynasty has been actively pursuing innovation, embracing the "5+4+N" product strategy, with "N" standing for developing various customized products and continuously creating new products to meet the diverse needs of different Chinese consumer groups. The Group's product upgrade in 2022 entailing the launch of new products more convenient to enjoy, young and chic, and agreeing with the crave for all things China, can help invigorate the brand, strengthen the deployment of products for young consumers, as well as consolidate the image of Dynasty as a representative domestic grape wine brand. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More