


Group 1 - The core viewpoint of the article highlights that Budweiser APAC experienced the largest decline in revenue and net profit among the top six beer companies in China, with decreases of 8.06% and 24.4% respectively [2] - The Chinese beer market is dominated by a few major players, with the top six companies holding over 90% market share for the past three years [2] - Budweiser APAC lost its position as the top revenue earner in the industry to China Resources Beer, with revenues of 22.275 billion and 23.942 billion respectively [2] Group 2 - The Chinese market is crucial for Budweiser APAC, contributing over 70% of its revenue in 2024, but sales volume and net income in the first half of 2025 saw declines of 8.2% and 10.2% year-on-year [2] - The CEO of Budweiser APAC noted that the company's sales in China did not meet industry averages due to weak performance in key markets and channels [2][3] - Budweiser APAC plans to accelerate the expansion of non-drinking channels, which currently account for about 50% of its business in China, compared to the industry average of 60% [4] Group 3 - China Resources Beer has been proactive in adapting to the rise of new retail channels, including e-commerce and instant retail, which are growing rapidly at rates of 30% or higher [5] - The company has established strategic partnerships with major platforms such as Alibaba and Meituan, resulting in significant growth in online and instant retail business, with GMV increasing by nearly 40% and 50% respectively in the first half of 2025 [5]