ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Tsingtao sale could reshape China's beer market

Japan's Asahi unloads stake after learning 20% is not enough

Major breweries in China have been eyeing Asahi's stake in Tsingtao since its planned sale was announced in October.

DALIAN, China -- After more than eight years of trial and error, Asahi Group Holdings has decided to sell its stake in Tsingtao Brewery. The chance to buy into China's second-largest brewery has piqued the interest of several major players.

Entering the race are China Resources Beer, China's No. 1 brewer and Carlsberg, which holds the No. 5 position. Whichever company comes away with the prize, however, will likely face the same challenges as Asahi.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more