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Fosun invests in Tsingtao Brewery with eye on middle-class market

Published Thu, Dec 21, 2017 · 09:50 PM

Shanghai

FOSUN International's investment in Tsingtao Brewery is the latest step in the conglomerate's strategy of catering to China's rising middle-class families while also satisfying the government's push for greater local investments.

Shanghai-based Fosun is paying US$847 million to acquire an 18 per cent stake in China's third-largest brewer from Asahi Group Holdings. In the short run, Fosun can …

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Fosun invests in Tsingtao Brewery with eye on middle-class market

Consumer & Healthcare

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