No. Asahi Beer has nothing to do with Kweichow Moutai. Public information shows that the controlling shareholder of Kweichow Moutai is China Kweichow Moutai Distillery (Group) Co., Ltd., which is a state-owned enterprise.

Asahi Beer, also known as Asahi Beer, is a beer jointly developed by a company that brews beer and produces soft drinks. Public information shows that Asahi Beer Co., Ltd. was founded in 1889 and is one of the most famous beer manufacturers in Japan. In 1994, Asahi Beer entered the Chinese market, but its development was not smooth and it later withdrew from the Chinese market.

Kweichow Moutai Co., Ltd.

Kweichow Moutai Company Limited SH: 600519) is a joint venture of China Kweichow Moutai Distillery Co., Ltd. and Kweichow Moutai. Factory Technology Development Company, Guizhou Textile Collective Industrial Association, Shenzhen Tsinghua University Research Institute, China Food Fermentation Industry Research Institute, Beijing Sugar, Tobacco and Liquor Company.

It was jointly initiated by eight companies including Jiangsu Sugar, Tobacco and Liquor Corporation and Shanghai Jieqiang Tobacco, Sugar and Liquor (Group) Co., Ltd., and approved by the Guizhou Provincial People’s Government, Qianfu Letter (1999) 291 The joint-stock company established as approved by Document No. 1 has a registered capital of RMB 1,256,197,800. ?

On December 26, 2016, the State Trademark Office decided that the trademark “National Liquor Moutai and Pictures” would not be registered. ? Ranked 102nd among the top 500 Chinese manufacturing companies in 2020.

In the first three quarters of 2021, Kweichow Moutai’s revenue was 74.642 billion yuan, a year-on-year increase of 11.05%; net profit attributable to shareholders of listed companies was 37.266 billion yuan, a year-on-year increase of 10.17%.