Tsingtao Brewery

Its logo displays an image of Huilan Pavilion that stands on the end of Zhanqiao Pier, located on Qingdao's southern shore.

[citation needed] However, that period of ownership only lasted until 1949 when, after the Communist victory in the Chinese Civil War, the new People's Republic of China confiscated all the shares in the Tsingtao Brewery, that had previously belonged to the Tsui family, and the business became a state-owned enterprise.

In June 1993, Tsingtao Brewery became the first Chinese firm listed on the Hong Kong Stock Exchange.

On May 9, 2009, Anheuser-Busch InBev sold its remaining 7% to Chinese tycoon Chen Fashu (陈发树) for $235 million.

[12] Tsingtao Beer, a well-hopped standard pale lager of 4.7% abv, is the flagship brew, accounting for most of the brewery's production.

[citation needed] The main export company for the brewery was the "Good Harvest of Five Grains Corporation" based in Hong Kong.

The Good Harvest of Five Grains Corporation also tried to market the beer in Hong Kong itself and later built a wholesale network consisting of up to 300 companies.

The Tsingtao brand is sold in 62 countries and regions around the world,[13] and accounts for more than 50% of China's beer exports.

According to the company's financial figures from 2010, Tsingtao saw a 6.6% year-on-year revenue increase from sales to Hong Kong and other overseas markets.

[14] Before the 1949 takeover by the new PRC government, the brewery had used imported raw material and water from the Laoshan mountain.

With the outbreak of the Korean War and the resulting embargo of the People's Republic by the West, the brewery was forced to use domestic products, and the government encouraged peasants in Shandong to harvest the necessary raw materials (mainly hops and barley) themselves.

Brewery in Qingdao, 2007
A bottle of Tsingtao beer
A double-decker bus with Tsingtao beer advertisement in Hong Kong .