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Did you see the news today? This is a big deal. AREM Wines Pty, Ltd, www.aremwine.com.au, an Australian wine company in Melbourne, Australia and an EastBridge invested company, has started shipping wine to Friendship Food Co., a chain of 197 stores in Guangzhou, China, a major city north of Hong Kong.
EastBridge is always on the rising cusp of economic trends in China … and wine in China has captured the interest of the burgeoning middleclass and represents a definitive upward consumer trend.
The value of the Chinese wine market has risen 125 per cent in the past year. China at the year ended July is estimated to be a $51 million market and will soon be the fifth largest market for Australian wine.
The scale of the opportunity for wine in China is enormous. China is developing in its sophistication through the growth of its cities, and coming with that is a desire for wine.
The agreement announced today with Friendship Food Co. represents a significant revenue producing event with strong room for expansion. Australian wine exports have topped $3 billion in a year for the first time and the basis of the rapidly expanding demand is China.
Exports to the US and China are estimated to be 805 million litres valued at $3.007 billion exported in the year ended in July, the Australian Wine and Brandy Corporation says.
Three billion dollars is a substantial part of Australia’s export economy, the third largest agricultural exporter.
Stay tuned for In Depth Report on Guangzhou, China, and the expansive middle class there — and represent the demographic demand for Australian wines. This is a demand that will only expand as the middle class of China grows.
Source: EBIG and
Hobart Mercury News Australia
EastBridge Investment Group Corp.
2101 E. Broadway, #30, Tempe, Arizona
Tempe, Arizona
Phone: (480) 966-2020
Fax: (480) 966-0808
Email: info@ebigcorp.com
Investors Email: investors@ebigcorp.com
Website: http://www.ebigcorp.com
Source: Eastbridge Investment Group and BBC
About: EastBridge Investment Group focuses on small to medium-size high-growth companies in China and India offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bio science, food and retail distribution.
Forward Looking Statements: The information in this release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectation or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, fluctuations in foreign currency exchange, the impact of competitive services and pricing, or general economic risks and uncertainties.
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