Drinking Beer Alone Could Work Better for Asahi in China – Wall Street Journal

Japan’s biggest brewery is ditching its longtime beer buddy in China. It could be merrier going alone.

Asahi Group said Thursday that it is looking to sell all or part of the 20% stake in China’s Tsingtao Brewery that it bought in 2009. The two breweries have had a relationship since they launched a joint venture in 1997. Yet China remains…

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