Yuan Jiang, Chinese Wine Mogul

People visit France exhibition area during the Top Wine China 2011 fair at China World Trade Center on May 25, 2011 in Beijing, China. ChinaFotoPress / Getty Images

Yuan Jiang, Chinese Wine Mogul: 10,000 Bottles a Day and Counting -- Time

This post is in partnership with Worldcrunch, a new global-news site that translates stories of note in foreign languages into English. The article below was originally published in Economic Observer.

Yuan Jiang started his first business, a direct marketing services provider called Roadway, in 2001. Seven years later, Roadway ranked first in its sector in China, with profits twice that of its nearest rival. At that moment, Yuan agreed to a merger with the American firm D&B (Dun & Bradstreet) for more than $40 million.

It was 2008, when the financial crisis occurred. There wasnt much hope for my company to be listed, Yuan says.

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My Comment: I expect this trend to continue to grow as China's economy expands and more people have disposable incomes to enjoy wine.