You are here

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

BT_20171222_PQFOSUN22_3232248.jpg
Shanghai-based Fosun is paying US$847 million to acquire an 18 per cent stake in Tsingtao Brewery, China's third-largest brewer, from Asahi Group Holdings.

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...

sentifi.com

Market voices on: