@LuckyCharm
Yes, time will tell....
Be aware, the news was referring to total export markets only - no sales figures from Alibaba or any other distribution channels mentioned.
QZ wine producers are using multiple distribution channels to ship its wines into China - you may struggle getting hold of 2016/17 market data (marketshare by brand), unless you are willing to pay for expensive market research reports or know someone who knows. My experience is, most wine producers will not disclose too much detailed info on this due to the competition being fierce.
With 120+ wine brands and sales support coming from Dodoca you would think further revenue will accumulate over time – remember the ROOLIFE e-marketplace operates within the WECHAT environment and has potential to reach of 840 million users – according to this announcement:
http://www.asx.com.au/asxpdf/20170301/pdf/43gggdvxqkhkgg.pdf
DYOR .
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- ChaFTA increases sales by 50 % growth in wine exports
ChaFTA increases sales by 50 % growth in wine exports, page-8
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