Core Viewpoint - Suntory has successfully transformed from a small wine shop into a beverage giant with over 160 billion RMB in revenue by leveraging localization strategies and understanding consumer preferences in Japan and abroad [3][4]. Group 1: Development Stages of Suntory - The history of Suntory can be divided into four key phases: 1. 1899-1920: Establishment of Japanese wine, achieving a breakthrough from 0 to 1 2. 1920-1945: Introduction of Japanese whisky, creating a second growth curve 3. 1945-1989: Transitioning whisky from a high-end product to a mass-market item 4. 1989-present: Dual breakthroughs in both affordable and premium whisky, revitalizing the Japanese whisky category [5][23][42]. Group 2: Key Strategies for Success - Suntory's success is attributed to its ability to localize Western products, adapting them to Japanese tastes and consumption habits, which is evident in its wine and whisky offerings [4][20]. - The company identified the opportunity for "domestic substitution" during the Meiji Restoration, leading to the development of local products that catered to Japanese consumers [10][11]. - Suntory's approach included modifying recipes, enhancing packaging, and creating suitable consumption scenarios, which allowed it to penetrate the market effectively [12][16][22]. Group 3: Wine Development - The initial failure in the wine market was due to high prices and taste preferences that did not align with Japanese consumers, leading to a market share of less than 1% for wine at the time [8][9]. - Suntory's breakthrough came with the introduction of "Akadama Port Wine" in 1907, which achieved over 60% market share by being affordable and appealing to local tastes [19]. - The company utilized local ingredients and production methods to significantly reduce costs, making its products accessible to the general public [18]. Group 4: Whisky Development - The introduction of whisky faced challenges due to cultural preferences and market positioning, leading to the initial failure of the "White Label" whisky [28][29]. - Suntory's successful "Kaku Bottle" whisky launched in 1937 was characterized by a smooth taste that resonated with Japanese consumers, capturing 70% of the market by 1945 [41]. - The company shifted its strategy to make whisky a part of everyday life, promoting it in various consumption scenarios, including dining [50][59]. Group 5: Recent Challenges and Innovations - The Japanese whisky market faced a decline due to economic changes and shifting consumer preferences, leading to a 40% drop in consumption from its peak in 1983 [70][72]. - Suntory's recent strategies include the "Highball Revival Plan," which aims to position whisky as a more accessible alternative to beer by introducing ready-to-drink canned whisky products [75][76].