A video of a worker urinating on the raw materials of Tsingtao Beer, a famous Chinese beer company, was released, creating a stir. Tsingtao Beer’s stock price plummeted on the Shanghai Stock Exchange, with a market capitalization of 6.7 billion yuan (approximately 1.23 trillion won) in two days. ) has evaporated.
Local media outlets are pointing out that this is ‘the most expensive urine in history.’
On the 23rd, when the Shanghai stock market first opened after the ‘urine incident’ occurred, Tsingtao Beer’s stock price plummeted from the 81 yuan range to the 75 yuan range. This level was maintained the next day as well.
As a result, Tsingtao Beer’s market capitalization evaporated by about 6.7 billion yuan over two days.
The scene in question – captured from WeiboChinese media predicted, “This will be recorded as the most expensive urine in history,” and “Tsingtao Beer will not be able to escape this scandal for a while.”
Chinese public security confirmed that the video in question was filmed at a factory in Pingdu, Shandong Province, and that the video was made on the 21st. Public security also announced that it had arrested the worker who urinated and was investigating the details.
Tsingtao Beer is actively trying to resolve the situation, but consumer complaints are exploding.
Chinese netizens are angry at the video posted on Weibo, leaving comments such as “How can you urinate on ingredients?” “I don’t think this is the first time,” and “I can’t even dare to drink Tsingtao beer anymore.”
Tsingtao Beer is the beer brand with the largest market share in China and is the oldest beer company in China. It began in 1903 when Germany built a beer factory in Qingdao, which was a concession area.
Meanwhile, Beer K, which imports Tsingtao beer into Korea, said, “We produce it in separate factories for domestic consumption and export,” and “The place where the video in question was filmed is the factory for domestic consumption.”
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.