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Buyout giant Carlyle Group LP will buy Australia’s Accolade Wines from a local private equity firm for $1 billion ($US770 million), triple what was paid seven years ago and underscoring the investment appeal of China’s wine market. The sale of Accolade, Australia’s No. 2 wine producer and owner of the Hardys and …
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It’s all about social media right? Think again. The number of people using messaging apps overtook social networks two years ago. Globally, more than two billion log on to one of the top five messaging apps every month. In China, Tencent just announced that its WeChat platform hit a milestone …
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IN AN Austrade office in Shanghai, Australian Trade Commissioner Brent Moore is sharing information about export opportunities in China with a collection of small farmers and producers from southwest Victoria. Reports of China inevitably include the words “growth” and “opportunity” but Moore makes many of us take notice when he …
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EXPERIENCED Asian wine operator David Lucas is the new regional general manager greater China for Wine Australia. “David has spent the past 20 years in Asia and has significant experience within the wine and spirits categories across North Asia,” Wine Australia chief executive officer Andreas Clark said. “David has undertaken …
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TMall president Jing Jie announced during the ceremonial opening of the TMall Global Cooperation Partnership on March 21st that Alibaba will start a large-scale import strategy. At the same time Alibaba will establish six purchase centers worldwide. Jing Jie stated that this development will satisfy brand and consumer demands. During …
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What would its membership bring to ASEAN? What can ASEAN give to Australia? Is an Australian entry into ASEAN on the horizon?  Editorial Indonesian President Joko Widodo welcomed the idea of Australia joining ASEAN. Widodo told reporters at the ASEAN leaders summit in Sydney, “I think it’s a good idea”. He …
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SHANGHAI – China International Import Expo (CIIE) has signed its first contract with a leading intelligent manufacturer, the organizers said Wednesday. Tawara Kazuyuki, chairman of the board at Nachi (Shanghai) Co., Ltd., said that he hopes to show and improve the company’s robotic products and technology through the expo. Nachi …
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Firm setting up platforms around globe to secure more trade volume E-commerce giant Alibaba Group Holding Ltd has set a target of 1 trillion yuan ($158 billion) for its transaction volume on imported goods over the next three years, as China gears up to host its first import expo in …
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As China’s desire for organic, healthy products gains momentum, international beauty brands are seeking to take advantage of a new approach to wellbeing. On March 8, founder and supermodel Miranda Kerr launched Australian luxury skincare brand KORA Organics’ first Tmall store in China via livestream from her Hollywood home. The event …
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THE Australian wine industry outlook is very promising, according to the national body representing the country’s winemakers. Last week’s signing of the Comprehensive and Progressive Agreement for Trans-Pac­ific Partnership paves the way for Australian wine to become more competitive in Canada, Mexico, Vietnam, Malaysia, Japan and Peru. Tariffs of 1.87 …
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