TAIPEI -- Budweiser Brewing Co. APAC, the Hong Kong-listed regional arm of Anheuser-Busch InBev, said Wednesday that its revenue in China during the final quarter of 2024 dropped by 20.1% on the year, reflecting anemic consumption in the world's No. 2 economy.
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Budweiser APAC's China revenue sinks 20% amid weak consumption
Brewer announces 'surprising' departure of top exec Jan Craps
Cans of Budweiser at a Shanghai supermarket. Bud APAC has been at the forefront of the "premiumization" of China's beer market in recent years, but its strategy is now under pressure. © Reuters
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