The recent years have been challenging for Chinese brewers because of transiting from stagnation to industry decline. Let us look at the situation historically, in order to understand, when the Chinese beer market first experienced changes.
China Resources Beer Holdings Co., maker of the world’s most popular beer, is considering a bid for SABMiller Plc’s central and eastern European assets, valued at about $6 billion, according to people familiar with the matter.
Only six weeks to go before CHINA BREW CHINA BEVERAGE (CBB) opens its doors for the first time in Shanghai: from October 11 to 14, 2016. CBB is continuing to grow, showing clearly that the move to Shanghai was the … Continue reading
San Miguel Brewery Hong Kong Limited posted a loss of HK600,000 (US$77,360) for its first fiscal quarter results, ended June 30, according to its filing with the Hong Kong Stock Exchange. The beer manufacturer saw a 4.7 per cent year-on-year … Continue reading
The city may have been a little late to China’s craft-beer party but, with brew bars popping up all over, it’s catching up fast.
Tsingtao Brewery Co., China’s second-largest beermaker by market value, reported earnings fell 11 percent in the six months ended June as poor weather and the country’s economic slowdown affected sales.
Craft beers, microbreweries and tap houses have helped give a much needed shot in the arm to an ailing drinks industry in recent years, and it’s a trend that’s now hitting up Suzhou.
Over the past two decades, China Resources Beer has become the largest player in the Chinese beer market by aggressively snapping up smaller targets. But on Friday, management declared that from now on, it will only pursue big acquisitions.
China Resources Beer, the country’s biggest beer maker, offset lower sales due to floods and a deteriorating economy with improved cost efficiency to report a 45.1 per cent rise in net profit for the first half of the year.
The Chinese government used a pair of distinguishing factors in approving Anheuser-Busch In-Bev’s takeover of SABMiller PLC last month that warrant close scrutiny by multinational companies seeking to merge or acquire companies there, practitioners said.