Tsingtao Beer was founded in 1903. On August 15, 1903, 400,000 Mexican silver dollars were raised as equity capital through Deutsche Bank. German businessmen from the Hong Kong Anglo-Germanic Beer Company and British businessmen established a joint venture in Qingdao, the Germanic Beer Company Qingdao Co., Ltd. The annual production capacity is 2,000 tons, producing light beer and dark beer. On June 2, 1949, Qingdao was liberated and Tsingtao Brewery was renamed "State-owned Tsingtao Brewery".

The Development of Tsingtao Beer

Tsingtao Beer production enterprises are located in 20 provinces, municipalities, and autonomous regions across the country. Their main business scope is the production of beer, beverages, whiskey and distilled spirits. The company has created a Chinese cultural brand with global influence, ranking first in sales of imported beer in many countries.

At the same time, in the context of the “One Belt, One Road” initiative, Tsingtao Beer is committed to creating a symbolic label with Chinese culture in order to promote the development of Chinese beer, and is also continuously strengthening the expansion of overseas markets. For example, on August 11, 2017, Tsingtao Beer held the “Exported to 100 Countries and ‘Belt and Road’ Market Expansion Press Conference” to comply with the “Belt and Road” construction blueprint.

Reference for the above content? Baidu Encyclopedia - Tsingtao Beer