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Budweiser and Heineken face polar opposite fates in China as punters favour home comforts (www.scmp.com)

submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital

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The world’s two largest brewers faced starkly diverging realities in China in 2025 and rather than it being about taste or popularity, the contrast appears to largely boil down to a shift in the nation’s drinking habits, sparked – in part – by the economic downturn. During the year, Budweiser Brewing APAC, the Asian subsidiary of the Belgian beer giant Anheuser-Busch InBev, posted its biggest decline in profit growth since 2020, with the company’s CEO Yanjun Chen stating last week, “Our...

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[–] Montagge@lemmy.zip 1 points 1 month ago

I'd rather just have Tsingtao if I'm in China anyways