Small Businesses Make Up 84.64% of China’s Wine Industry
In China, 84.64% of wine-related companies report annual sales below US$ 0.69 million. Out of close to 10,000 wine related businesses still operating in mainland China today, close to 85% are operating on annual revenues less than RMB 5 million (US$0.69 million), highlighting the highly fragmented nature of the market. According to Qichacha, one of…