Retail in Asia

In Sectors

Japan’s Suntory mulls alliance with Tsingtao of China

Suntory Holdings Ltd. is negotiating with Tsingtao Brewery Co. to form a business alliance as the beverage maker seeks to expand sales in China, sources said on Tuesday.

Tsingtao and Suntory, which currently operates in Shanghai and neighboring Jiangsu Province, are considering jointly producing beer in Shanghai and sharing distribution and sales networks, the sources said.