The Chinese former NBA all-star has added a new, cheaper wine to Yao Family Wines, his two-year-old winery in the Napa Valley, to appeal to China's growing middle class. The wine launched this week in China and will be released in the U.S. in January.
Imagine a stock that jumps 25.5% on its first day of trading, coming to rest at $159 a share. Three months later, though, shares tank, plummeting to $54. Now, 17 months after going public, it's worth $58.70.
In the third article of the Series we bring you the author, TV presenter and the celebrity restaurateur, Ritu Dalmia-owner of several restaurants anchored around the Italian Diva Restaurant know for its excellent wine list, prices and service. We shall consolidate in a single article when all the ten WOW have been listed.
Yangzhou-based Perfect China has made the Asian country's first investment in South Africa's wine industry, acquiring the Val de Vie estate in the Western Cape in a deal expected to boost exports of South African wine to the Far East.
Vinitaly International, the ambassador for Italian wine, turns to a new dynamic Chinese social platform, WeChat, in its effort to promote Italian wine producers in an increasingly expanding and complicated Chinese market.