Tsingtao Brewery Company (China)

Tsingtao is China's oldest and best-known beer, although it has been outsold in the domestic market since 2004 by lower-priced rival Snow. Tsingtao has a broader global profile than Snow, although even Tsingtao's export sales are still tiny by comparison with local consumption, contributing just 1% of sales. Founded in China in 1903 by a group of German and British traders, it was one of the first Chinese brands to establish an international presence in the latter half of the 20th century, despite the restrictions of Communist rule. It has been exported to the US and other major Western markets since the 1970s, and Tsingtao Brewery issued an IPO of its stock in 1993. US giant Anheuser-Busch acquired a 20% strategic shareholding soon afterwards, but sold those shares in 2009 following its takeover by InBev. Most of that stake was purchased by Asahi Breweries of Japan, but then sold back again in 2017. US distribution transferred in 2015 from Constellation Brands to Pabst's Jacob Best Imports. Sun Ming Bo succeeded Jin Zhi Guo as CEO in 2012. Sales were approximately $4.4bn in 2015, with beer volumes of 85m hectolitres. Tsingtao itself accounted for just under half that volume, supported by regional or niche beers like Laoshan, Shanshui and Hans. In 2015, the group bought out Suntory's share of two jointly owned breweries in Shanghai. Adbrands does not currently offer a business profile for this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.

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Capsule checked 30th March 2016

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