Share this article Share this article QINGDAO, China, July 18, 2021 /PRNewswire/ -- On the afternoon of July 15, the delegation of journalists from foreign media organizations in attendance at 2021 Qingdao Multinationals Summit entered the Qingdao Beer Museum to learn about the culture of the century-old beer as well as about the brewing technology, while quaffing a pint of pure Tsingtao beer, and soaking in the innovation taking place at the brewery. 118-year-old Tsingtao Brewery raises the bar on the definition of a high-end beer, while leading the transformation of the industry Tsingtao Brewery, jointly founded in Qingdao in August 1903 by German and British merchants, is a China-based brewer with a long history. With a brand valued at 198.6 billion yuan (approx. US$30.7 billion), the brewery has led the Chinese beer industry for 18 consecutive years and is listed among the World's 500 Most Influential Brands.