Tsingtao Brewery
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Past packaging of Tsingtao Beer in a display at the Qingdao Beer Museum.
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| Public company | |
| Traded as | : 168 : OTC Pink: |
| Founded | 1903 |
| Headquarters | Qingdao, Shandong, China |
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Area served
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Global export |
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Key people
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Chairman: Jin Zhiguo |
| Revenue |  CN¥29.049 billion (2014) |
| CN¥1.990 billion (2014) |
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| Website | www.tsingtaobeer.com |
Tsingtao Brewery Co.,Ltd. (simplified Chinese: 青岛啤酒厂; traditional Chinese: 青島啤酒廠; pinyin: Qīngdǎo píjiǔchǎng; German: Tsingtao-Brauerei) (: 168 : ,OTC Pink: ) is China's second largest brewery. It was founded in 1903 by German settlers and now claims about 15% of domestic market share. The beer is produced in Qingdao in Shandong province (and more recently in other breweries owned by the company as well), and it gets its name from the old École française d'Extrême-Orient transliteration of the city's name. The beer's present-day logo displays an image of Zhan Qiao, a famous pier on Qingdao's southern shore.
The Tsingtao Brewery was founded by The Anglo-German Brewery Co. Ltd., an English-German joint stock company based in Hong Kong who owned it until 1916. The brewery was founded on August 15, 1903 as the Germania-Brauerei (Germania Brewery) with a paid-in capital of 400,000 Mexican silver dollars divided into 4,000 shares priced at $100 each.
The first beer was served on December 22, 1904.
On August 16, 1916 an extraordinary general meeting was held in Shanghai. Liquidators were appointed and it was decided the company would be sold to the Dai-Nippon Brewery (which in 1949 was split into Asahi Breweries and what later became Sapporo Brewery). The Japanese military administration in Tsingtao approved the liquidation on September 9, 1916. German equity was approximately 70 percent. The German share of the sales price attributable to shareholders was in the hands of the liquidators by April 2, 1921.
After Japan's surrender to the Allies and its retreat from China, the Tsingtao Brewery was turned into a Chinese brewery under ownership of the Tsui family and supervision of the Nationalist government in Nanjing. However, this period of ownership only lasted until 1949 when, after a civil war, the People's Republic of China was founded. Shortly after, due to Communist policies, all private shares of the Tsingtao Brewery that had previously belonged to the Tsui family were confiscated and the company became a state-owned enterprise.
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Wikipedia