By interviewing several non-Chinese guys, WSJ tries to deeply understand the Chinese consumer market. Good job WSJ.
@swillmerchant98862 жыл бұрын
i reckon they are trying to get the view of a relatively successful non local beer brewers, it's all about foreign brands making inroads in Chinese beer market.
@letsrelaxwithtexts2114 Жыл бұрын
all these beer have hops?
@nsebast Жыл бұрын
At least they went there to interview. Some reports call in China experts who have been there twice lol.
@NazriB8 ай бұрын
Lies again? AMWF Car Higher Chinese
@dmcg79007 ай бұрын
In Hong Kong, lol
@EddieG7025 жыл бұрын
American beer is enormously overpriced.
@brandon43915 жыл бұрын
I can’t imagine a corona if they even have it
@munenex5 жыл бұрын
Enormously taxed.
@brendencampbell30825 жыл бұрын
TRASH JUICE
@ReasonableRadio5 жыл бұрын
You should try buying a beer in canada lol A typical bar is $5 a bottle and $8 a pint
@campkira5 жыл бұрын
u don't paid for the beer....
@chocoball6045 жыл бұрын
This video is supposed to be about the China beer market....yet everyone's in Hong Kong which is an entirely separate market dynamic. Why didn't they interview InBev China or Tsingtao, or even some of the craft breweries in Shenzhen or Shanghai???
@DoughBoy455 жыл бұрын
CCP has representatives eeeeeeeeeverywhere
@dxelson5 жыл бұрын
I tell you why, he's a journalist. Probably got his visa denied. It happens more often than you think.
@ThaOriginalGangsta775 жыл бұрын
Joseph Lo we don’t like commies
@chocoball6045 жыл бұрын
@@ThaOriginalGangsta77 Well then don't put "China" in the title....make it "Why Hong Kong Beer Companies Find It Almost Impossible to Break into China" or something....
@CuongNguyen-le5ic5 жыл бұрын
If you talk about China's beer market, then also talk about FAKE and POISONOUS Beer as well. Even Fake Wines also run rampage in China that could kill you if you are not careful.
@swainsunilkumar99685 жыл бұрын
An American is taking advice from an indian (who is apparently a brewer in hong kong) for the chinese. Can't there be more globalisation loll
@StanMzmr5 жыл бұрын
In China almost every major city has their own beer brand, local people are very loyal to their local beer as part of their life and culture.
@xcofcd5 жыл бұрын
It's very similar here in Germany. But if some outsider comes in with a much cheaper pricepoint at least some people will change brands... So these american companies should try to make a decent product for a low price instead they're throwing millions in marketing at it to make Chinese customers buy their junk beer for a high price point...
@lixzx0075 жыл бұрын
@@xcofcd but local beer is so cheap the forgin brand is never going to beat
@lixzx0075 жыл бұрын
@@xcofcd and even the forginer some how managed beat the price point the local beer is always consider to be much fresher.
@蔡祥祥-l1o5 жыл бұрын
Not totally true.I’m from China.As long as the quality of products is good with nice price no matter where it is made from,it could be winner in Chinese consumers market.
@frankun87555 жыл бұрын
@@xcofcd can you sell half a dollar for a bottle of beer? It's not so possible to cheap beer cheaper than the local one in China
@singularity-63395 жыл бұрын
Almost everything is very very competitive in China not just beer.
@JohnnyHoO1115 жыл бұрын
"Bad money drives out good" kind of competitive
@felixvikes285 жыл бұрын
You sure u didn't mean counterfeit
@gofy99905 жыл бұрын
@@felixvikes28 Check your phone and keyboard before comment.
@gofy99905 жыл бұрын
@@JohnnyHoO111 So the good has no money?
@felixvikes285 жыл бұрын
@@gofy9990 lol u make me laugh u comie POS everything you guys do a copy from The USA 😀
@candyapu35 жыл бұрын
"i CoUlD dRiNk ThIs aFtEr rUnNiNg a MaRaThoN"
@kienwarren28705 жыл бұрын
candyapu3 this is what i came to the comments for lol
@benevolentdictator89475 жыл бұрын
I mean what kind of vibe is he trying to give?
@haodev3 ай бұрын
the cringe hit me so hard I had to turn away from the screen
@seangreen96335 жыл бұрын
Put a “supreme” logo on it.
@mrGAMEINFORMATION5 жыл бұрын
@@sirkeg1 no supreme was right lol
@iharrison50315 жыл бұрын
F**K it we'll do it live! r/whoosh
@bennetttan85354 жыл бұрын
$150 a can now
@eddfasd5 жыл бұрын
As cheap as water ?, So how come a beer like Budweiser, which taste like water, be so expensive. ?
@dragondescendant15 жыл бұрын
Taxes
@singloc30215 жыл бұрын
The video tells you, foreign beer is desired as it is projected to be of better quality. Americans are no different back in the old days as if it came from Germany, it must be good. We are luck for the rise of microbreweries. In my mind, America now has the best beers in the world
@dragondescendant15 жыл бұрын
@@singloc3021 most American drink foreign beer, Corona, Heineken.......even Budweiser is no longer an American company.
@singloc30215 жыл бұрын
Budweiser is owned by InBev and what I'm saying is back in the day, if it's foreign, it has to be good
@DeutschlandGuy5 жыл бұрын
What a silly question. Economics 101 says you charge the price that the market will bear. Case in point, Apple charges ridiculously high prices for inferior phones and gets by with it simply because people are stupid enough to pay the price. It is no big mystery.
@AlexS-oj8qf5 жыл бұрын
What they mean by "Global Brands" is American brands, really.
@ericktellez76323 жыл бұрын
You are right, but believe it or not, Mexico is the largest exporter of beer.
@tomlin95395 жыл бұрын
Finally we arrived at the era that we drink for journalism.
@hautakleightontam7715 жыл бұрын
My two cents; I don't think you can make much headway into the Chinese market with pedestrian beer since big local companies like Tsingtao will always outcompete you in terms of cost and brand familiarity. It doesn't help that most macro-lagers taste far too similar. Instead, why not go the opposite route and generate buzz with a super-premium beer, made with high-quality ingredients and marketed like fine wine? Many mainland consumers enjoy buying foreign alcohol brands for their perceived quality/exoticism and as a status symbol. If you can make a product that taps into those same impulses and compliments Chinese cuisine (e.g. a Sichuan pepper-infused DIPA), you could create a niche in the market populated by new, young enthusiasts looking for an alternative to the usual brandies, whiskies, wines and white-spirits for special occasions.
@drewberry89455 жыл бұрын
tsingtao is actually pretty nice. They sell them in Wetherspoon's in the UK. I often get alongside other 5% beers.
@derhirsl24582 жыл бұрын
The Tsingtao that you get in Europe is made by Heineken and has no similarities to the original Chinese one
@xcofcd5 жыл бұрын
Gotta know exactly what you're doing in Asia. I know of a smaller german brewery that started slowly selling to Asia. One day they had a problem with the printers that print the best by date on the bottom of the can and some cans had weird overlaying prints. They thought not much of it and send two containers there. Unfortunately that Asian country had very very strict regulations due to a lot of fraud and mislabeling food products going on there. They basically said the brewery just printed a new best by date on some old cans that arrived their first best by date. Something nobody would even think of doing in germany. In the end of the day all two containers needed to be destroyed and they were heavily fined. The entire thing cost around a half million US$...
@AwesumBear5 жыл бұрын
This is very interesting, because, from my experience, Chinese people see foreign products as superior and high-end even, and are willing to pay a premium for them. It's mentioned in the video at 4:30 and 5:00 but seems to be contrary to what the title is suggesting.
@jyashin5 жыл бұрын
Only if the product in question is a status symbol. So cars, watches, sure. See is hardly a status symbol.
@robspunk5 жыл бұрын
This story has nothing to do with China. This story has nothing to do with what's happening here. He's only in HK and he's exclusively talking about the HK market.
@qgm6945 жыл бұрын
Dang. I was really wanting to break into the Chinese beer market
@yoparsons805 жыл бұрын
"China drinks nearly twice as much beer as the US." US= 327 Million people China= 1.3 Billion people
@AllenHanPR5 жыл бұрын
5:07 As an Asian we do not talk our parents like that. We certainly do not celebrate over beer. It is likely we drink whiskey or Chinese wine.
@daggern00b5 жыл бұрын
30 cents a can? Guess I'm packing my bags guys...
@duddledeedo5 жыл бұрын
Not in HK you won't find any (where he is in the video).
@michaelw77225 жыл бұрын
In germany the cheap beer cans 0,5liter cost 29cent
@azzy904 жыл бұрын
Slovakia beer.
@jaydaksy4094 Жыл бұрын
Yeah where their employees urinate in the beer
@jonsmith56265 жыл бұрын
Never heard of "young masters" in Beijing, I'm really surprised they didn't interview people in Shanghai, Shenzhen or Beijing.
@CuongNguyen-le5ic5 жыл бұрын
Too many visa, permits and strict monitor in China for journalist. Not to mention he could be on blocked list to enter China.
@CSLucasEpic3 жыл бұрын
Something similar happens in Argentina with ice cream. It is a large ice cream market with lots of brands abd competitirs. But international giants have trouble getting in the market.
@theotherside9315 жыл бұрын
*Beers in Nigeria sell for $0.55 on the average. The most expensive ones like Stout, Heineken, Legend etc sell for $0.83. And there are new ones that came out that sell for $0.41. So you can see, none sells for even a dollar. Try that here and get ready to consume all you brewed yourself.*
@NOWHERESQ5 жыл бұрын
How is Bluegirl not mentioned? Young master is not everyone's fav. The variety of flavours are no more than novelity and generally unfocused. Gweilo beer is one of the best available craft beer in hk that is also not mentioned. As per the InBev IPO withdrawal, there were lots of discussions about the lack of sufficient leverage available for the IPO that led to the insufficient interests. Once it is apparent that a quick turnaround profit is quite risky, investors got cold feet. Maybe there's fundamental concerns about the business model but it's certainly not the whole story.
@supergrinder80855 жыл бұрын
Great video. Although the middle class is growing, along with its interest in leisure and craft beers, the majority of beer consumption comes from the large percentage of lower income who have grown up with the affordable local produce. It is good to note that craft brands like boxing cat and goose have sprung up with attention in the previous years, but the market segmentation between leisure and mass beers should not be changing a lot. The undisputed giants mainly yanjing, tsingtao, snow and harbin will continue to dominate in coming years.
@JustABoringAsianGuy4 жыл бұрын
I am from Guangdong Province, my favorite beer used to be TsingTao. Now I drink Feldschlösschen mostly, a German brand survived the DDR era and managed to get inside Chinese market. Other times I drink Blue Ribbon.
@johngalt39408 ай бұрын
Blue ribbon is great I wish they sold it in Shanghai.
@vikramdas66455 жыл бұрын
Average beer bottle costs 120 rupees in India That's like 2 dollars Too much taxes
@xionglin20095 жыл бұрын
i think the actual reason is: beer is beer, people just need grain tasting bubbly drink with alcohol to go with conversation, why pay 10 times the money for a foreign brand while the local ones do the job?
@scottbreon94484 жыл бұрын
Every time Americans talk about good beer, a German Shepherd dies
@smartbaba13215 жыл бұрын
1:58 he is Indian. Lovely .😘
@xlyoutube5 жыл бұрын
Most beers in China are pale lagers which aren't my cup of t..beer. Last year in Beijing I was pleasantly surprised many of the local brands also introduced wheat / ale styles although still not as dark as I want them to be but nonetheless a great step towards beer diversity. I think I tried a Yanjing or Harbin Dunkel too, not bad. Beer is and has always been the "people's drink" in China. Unless the western beer brands can compete at the same price range, I don't see they otherwise have much edge in this especially now that local brands are diversifying their styles.
@bonnydavis67306 ай бұрын
0:53 ... 30 cents a can !! thats way too cheap. Here in India Budwieser Magnum Can costs around 3 USD a can. Even the cheapest beer here costs more than 1 USD.
@donkeykong5165 жыл бұрын
Budweiser tried for years, but beer is just a notch above water for the Chinese market.
@Taurineg5 жыл бұрын
Why would you film a short about beer in China in Hong Kong? I mean, literally listen to that guy's accent.
@Larry777-v7x5 жыл бұрын
you must be one of those idiots who think HK is not part of China
@Taurineg5 жыл бұрын
Larry Liu Yes let's film a video about China in Taiwan while we're at it
@dxelson5 жыл бұрын
@@Larry777-v7x Hong Kong is part of China, but it doesn't even remotely resemble chinese consumers habits. It's a SAR for a reason.
@CulllegLee5 жыл бұрын
Most of the beer made in China are of low standard, too much CO2 inflated and poor flavor. It's more like drinking water. However, there are some local breweies that provide fresh beer to residents around, but this kind of beer is limited to only them for the sake of being hard to preserve. That is the beer which can be called authentic.
@fortunatowenceslao10555 жыл бұрын
Make it plain water and market it as beer with water taste for 0.10 cent per can. That would work in China.
@pederskram43765 жыл бұрын
Chinese beers are actually tasty. I live in Denmark and we have here Carlsberg, Tuborg, Royal and Thor, among other local beers. Average price is 60 Cents a can. Most Danes prefer local beers. Carlsberg also brew foreign beers under license but generally, we drink local stuff because it's among the best there is, or so we think. Matter of taste.
@faridelfadani54045 жыл бұрын
No no no , Corona sell because of vin diesel
@defyiant5 жыл бұрын
Tsingtao is my favorite beer. All the way here in California.
@abh15funk5 жыл бұрын
I have been curious for a long time to try TsingTao. Have tried Wusu and Blanc and Budweiser and Carlsberg amongst the ones shown here.
@billbrogan49335 жыл бұрын
Oh by the way, I run marathons.
@AnomalousAppendages5 жыл бұрын
"Oh I would totally drink this after finishing a full ironman"
@coconuts55005 жыл бұрын
***germany has entered the chat***
@lafilemea92795 жыл бұрын
I clicked bc i thought the title said: "Why breaking into the Chinese beef market is almost impossible".
@santibouphavong5 жыл бұрын
Wish my beer was 30 cents a can
@aimeebrown76475 жыл бұрын
Stark Banner man you earn 7 times more than an avg Chinese
@DoubleUp99995 жыл бұрын
When it comes to beer wine and spirits, it comes down to price like everything else.
@Athrunwong5 жыл бұрын
You can sell German, Belgium beers, there is always demand for high end beer. But many of them just doesn’t worth it.
@luhaizhou5 жыл бұрын
In mainland China, almost only lager. To most mainland people, lager=beer, do they don’t even know the name “lager” or “IPA” or “weiss beer”. Other types of beer take a very small portion of market, though you can find them in some bars dedicated to craft beers. In most supermarkets in Hong Kong, there are more choices. I think in the future, Chinese people will get to know all types of beer. Think about that huge market. Good for everyone.
@SongdoSilver5 жыл бұрын
I'll be moving to Shenzhen very soon. I'll be reporting on the craft beer scene in Shenzhen and beyond! :)
@lukasoitzl1335 жыл бұрын
It's amazing to be honest. Not cheap but worth it. My favourites were ET brewery and Bionic brew. Have a look when you're there.
@sibaraku20235 жыл бұрын
almost every province even every city got its own beer which people have been drinking for years. there is not even a chance for a foreign brand.
@Lululemon20235 жыл бұрын
Making better-tasting beer would a good starting point, like American chocolate bars and candies, calling US beers awful-tasting is a generous tribute.
@vencytalks59525 жыл бұрын
That pineapple beer is basically my childhood 🍍🍻
@kotimoto5 жыл бұрын
Let me get this right, 1. So Chinese are happy drinking local cheap beer. 2. The America's are unhappy, because they don't like that the locals like cheap beer.
@arbit3r5 жыл бұрын
I don't think you understand
@kotimoto5 жыл бұрын
@@arbit3r care to explain?
@zeccy3375 жыл бұрын
You're right. Americans hate that they don't get a cut of this gigantic market.
@edr.26425 жыл бұрын
I live in Canada and I like more Asian beers like Sapporo are way better than main stream North American beers.
@prashantbohara16845 жыл бұрын
I assume that most of Chinese prefer Corona, Heineken, Budweiser and some German beers but still these brands can't take over Tsingtao . And I like Anchor the most.
@myHuge2495 жыл бұрын
imagine someone from carlsberg talking about knowing what to drink
@toffguy3297 Жыл бұрын
No more Chinmese Beer. Pi pi pi pi .. who will drink ?
@laratao57205 жыл бұрын
I think the Pineapple Beer you got there is the non-alcohol one, it is just like the ginger beer. There is another alcohol version of the pineapple beer but I seldom see it.
@dixonkee7 ай бұрын
Learnt more about the topics from the comment section than the actual video itself
@quangquybaole82979 ай бұрын
Anyone still come here because of Coursera's leading (the course Strategy Formulation of the Copenhagen Business School) :D
@jamiebehun17435 жыл бұрын
@Wall Street Journal could you please make a video about Why Breaking Into the Indian Beer Market Is Almost Impossible | WSJ
@mrshangpa5 жыл бұрын
1. Make them good and cheap 2. Play friendly and locally 3. Ask your government and NGO's to stop lame and insidious attacks to the Chinese people. Beers are emotional.
@Dumb-Comment5 жыл бұрын
No wonder why the cardboard boxes for beers always get moldy, they don't clean the can after the cans are being filled and splatters everywhere
@338684q5 жыл бұрын
Orange County 1 California
@joachimpetersen23015 жыл бұрын
Why am I watching this. Now I really want a beer.
@maryellenw5 жыл бұрын
Pineapple-flavoured beer sounds great! My Kirkland Signature tropical-flavoured yogurt is delicious (pineapple and mango), so maybe pineapple is the new thing!
@divyanshdwivedi97513 жыл бұрын
He was taking to a guy in Hong Kong did that guy was indian👍👍
@patrick050205 жыл бұрын
Look at the sign on the right at 1:01
@DGLuxton5 жыл бұрын
This was a nice reminder of the rivers of cheap beer I drank while living in China. I tried the Pineapple Beer in - only because it was literally about 3 cents a can. The Wind Flower Snow Moon was a highlight when I was in Yunnan. But there are also now microbreweries popping up everywhere on the Mainland, not just in Hong Kong.
@tonyzhu16875 жыл бұрын
@Green Earth That's definitely a typo, its thirty US cents
@evilpimp24755 жыл бұрын
I usually drink Budweiser and Lone Star beer but chinese beer is really good, i buy it once in a while.
@lafkdjay5 жыл бұрын
They've upsold coffee. Now they trying to upsell beer.
@weiskl8874 жыл бұрын
No one monopolizes everybody win some. Great and healthy market.
@hiyukelavie23965 жыл бұрын
Aka how to make the Chinese overpay for beer by branding
@一二一踏死蚂蚂蚁5 жыл бұрын
no wonder why the wusu beer is always more expensive... i thought it was because xinjiang is expensive but no its carlsberg thats right even their "low price" beer is not that cheap
@OjojoHK5 жыл бұрын
This is some lazy reporting. Did you not receive filming permit from Mainland China, so you just stayed in Hong Kong and made blanket statements about market trends in China - when they are in fact trends in Hong Kong? Two markets with very different consumer demands and needs.
@honghaowu37475 жыл бұрын
Tsingtao beer was founded in which was a German colony by a British company though.
@JK-gu3tl5 жыл бұрын
Tsingtao was founded by Germans, though.
@Zergcerebrates5 жыл бұрын
That’s why it’s so good.
@JK-gu3tl5 жыл бұрын
@Morahman7vnNo2 Ben Franklin hated Germans.
@thomasgrabkowski82835 жыл бұрын
Morahman7vnNo2 that’s why German style lager is everywhere
@Gnorthernier94445 жыл бұрын
As a Mexican I'm proud to here that our beer, Corona, has been popular in China growing 25 folds. Chinese are becoming little by little Mexicans!!!🇲🇽
@rogelioperez31505 жыл бұрын
Its almost all the same Jorge
@LarbiDiGooner5 жыл бұрын
Honestly, Harbin tastes so bad yet the majority of Chinese consume it especially in the northeast part of China.
@etbuch48735 жыл бұрын
American beers do not even come close to German and Chinese beers in quality and much over-priced for their quality. That's why.
@IAMDIMITRI5 жыл бұрын
OMG Carlsberg is amazing at marketing.
@PureVikingPowers3 жыл бұрын
Tsingtao was made by Germans when Germany had a colony in China
@davidyang60745 жыл бұрын
Hey Journalist, the pineapple beer is a soda, there isn't any alcohol. How do I know? Used to drink it everyday.
@asdkotable5 жыл бұрын
Ehhhhhh it's got like a .05% alcohol content. As a super light-weight, still made me light-headed after one can.
@davidyang60745 жыл бұрын
@@asdkotable pretty sure it doesn't. Might be a psychological reaction.
@asdkotable5 жыл бұрын
@@davidyang6074 you're probably right on the whole psychological effect, but I'm pretty sure that it has a miniscule 0.5% alcohol content. You can definitely argue that a fruit juice that has been left out too long probably has a higher alcohol content... But it is there. Or maybe it's the local version? Idk
@davidyang60745 жыл бұрын
@@asdkotable you're making me doubt myself. I know there's some materials used for brewing beer in this soda, but I remember checking the can and not seeing a mark for alcohol. You could be right that they might actually make different variations.
@lesaustion5 жыл бұрын
@@davidyang6074 I'm not a expert and could be wrong, but my guess because that's how it works here in Canada, but to MUCH lower degree, but so long as the beverage has under a certain percentage of alcohol, it can be labeled "non-alcoholic" even though theres a small amount, i imagine the laws see slightly more lax in china for obvious reasons haha, so its possible it does, but very little?
@edyhiun94685 жыл бұрын
China said hold my beer
@kshitizmishra58455 жыл бұрын
*Rohit Sugar of Indian 🇮🇳 Heritage* who founded Largest Beer Company being consumed in China and occupied HongKong
@Lululemon20235 жыл бұрын
Trump just called the massively popular China video app Tictok a US national security, so Beijing should label American beer as Chinese national security. fitting reciprocity.
@VintageToiletsRock5 жыл бұрын
3:15 How dare you compare my prized beer to marathon water!
@waipanyu49455 жыл бұрын
Strange. Title writes Chinese beer market and yet most of the report talks of Hong Kong market. I don’t get it
@waipanyu49455 жыл бұрын
And you quoted Chinese data and put it in hk context. Which is ridiculous. Perhaps it is true that a can of Tsingtao is priced 30 cents in China, but it is $1-2 in hk. Not a very big difference to compare with other brands. You run into a mainland Chinese and you made him a representative of hk, who is up for harbin beer. Why don’t you pick a random Italian in lkf then? He might as well support peroni! almost no hongkonger ever heard of Harbin beer or other Chinese beers, except for Tsingtao beer. However hongkongers are currently boycotting Tsingtao beer. It charges $10 or more to have a pint of beer at hk pubs, almost nobody would drink Chinese beers at pubs and almost no pub offers Chinese beers in hk. Seems that the world knows Hong Kong and China are different markets, except a list of bigot and arrogant us companies which are willing to sell out, e.g. Netflix, Apple, WSJ
@mrjmisme5 жыл бұрын
Wrong title! You're filming in Hongkong not China 😂 Get your facts right.
@blackjacka.50979 ай бұрын
Funny how that guys says people are used to drinking beer as cheap as water. Germany literally has beer cheaper than water so I don't see the issue
@johnclark31085 жыл бұрын
Hold my greatest kingfisher beer 🍺
@chineselovefreedom5 жыл бұрын
Western beers are much more expensive than Chinese beers. That's for sure.
@3nien5 жыл бұрын
Boycott foreign beers in China. 5000 % Tariff
@aukaming20115 жыл бұрын
3nien on9 boy
@lixzx0075 жыл бұрын
or ask Vietnam kidnap budwiser CEO's daughter
@brandonmehrg5 жыл бұрын
Looks like the wall street journal is choosing sides. HK is an incredibly different market than China.
@deeboi72305 жыл бұрын
Any liquor stores ?
@manchesterunitedno75 жыл бұрын
Try breaking into a notoriously difficult foreign market with a Bud? Come on, who are we kidding here?
@moneymaken92325 жыл бұрын
Hmm, that end bit sounds exactly like capitalism. You mean an open market can provide greater diversity and lower prices!?!
@kingkong47375 жыл бұрын
*laughs in German*
@halfbottleofwater5 жыл бұрын
OMG... Carlsberg bought over Xinjiang WUSU brewery... And WUSU beer become their low end cheap beer... WUSU beer got it own uniqueness dude...