Budweiser Brewing Co APAC , Asia's largest beer company by sales, said on Thursday it will expand into more Chinese cities with its premium products as it sees a rebound in demand after the country lifted its COVID-19 curbs.
Cans of Budweiser beer are displayed amid others on a supermarket shelf in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Photo, Asia's largest beer company by sales, said on Thursday it will expand into more Chinese cities with its premium products as it sees a rebound in demand after the country lifted its COVID-19 curbs.
In December, China suddenly dropped its strict three-year-old zero-COVID policy, which had battered business at bars and restaurants, where Budweiser does a disproportionate share of its sales. Budweiser said its overall China volumes fell 3% last year, and its market share shrank by 44 bps. " this quarter we really see strong signals for recovery in the market which is fully opening," Jan Craps, co-chair and chief executive of Budweiser APAC, said in an interview after the company reported annual results.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China’s Commerce Ministry: China is prepared to communicate with US to ease trade restrictionsChina’s Vice Commerce Minister said in a statement on Thursday, “China is willing to conduct candid consultations with the US to reduce restrictions o
Baca lebih lajut »
China says it’s been ‘open and transparent’ on COVID origins | amNewYorkChina on Tuesday said it has been 'open and transparent' in the search for the origins of COVID-19, after questions about how the pandemic began received new attention.
Baca lebih lajut »
China insists it has been ‘open and transparent’ on COVID origins“It’s a little bit Orwellian. And it’s a little bit frustrating, because I think everybody knows the truth here,” US Ambassador to China Nicholas Burns remarked.
Baca lebih lajut »
China warns Elon Musk after COVID lab leak commentsChina's state-run newspaper warned Elon Musk about coming on reports suggesting that the coronavirus originated in a lab in Wuhan, China.
Baca lebih lajut »
China reacts angrily to Wray’s COVID lab-leak comments, revives Fort Detrick claimBeijing on Wednesday reprised bogus claims that COVID-19 might have come from a Maryland lab after FBI Director Christopher A. Wray said publicly Tuesday that federal investigators believe the pandemic likely started with a lab leak in Wuhan, China.
Baca lebih lajut »
China Warns Elon Musk Not to Contradict Its COVID MessagingChina's state-run media just told Elon Musk to knock it off after the billionaire tweeted about the theory that COVID-19 started in a Chinese lab.
Baca lebih lajut »