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

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.


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...

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