Tsingtao beer is not opened in Japan. The actual controller of Tsingtao Brewery is the State-owned Assets Supervision and Administration Commission of Qingdao Municipal People's Government, which is a state-owned holding company, not a Japanese holding company.

InBev, the second largest shareholder of Tsingtao Brewery, sold Tsingtao Brewery 19.9% to Asahi Brewery Co., Ltd. in 2009. This equity transaction will not affect the controlling stake of Tsingtao Brewery Group. The largest shareholder of Tsingtao Brewery Company is still Tsingtao Brewery Group Co., Ltd., and Tsingtao Brewery will still carry the banner of national brand.

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