Sapporo Holdings, Japan’s fourth largest brewer, will focus on expansion in North America and Southeast Asia, where returns on investment will be greater than in China, Chief Executive Officer Takao Murakami said Wednesday.
"Competition in China is intensifying, and everyone seems to be having a hard time boosting profits," Murakami said in Tokyo. "We can’t take the risk of entering a market that may give us returns 10 or 20 years later."
(Source: The Japan Times Online)