Japanese beverage conglomerate Suntory Holdings could unwind its loss-making joint venture with China’s Tsingtao Brewery Co as sales have stalled amid stiff competition in the Chinese market, people familiar with the matter said yesterday. Scrapping the joint venture would highlight the difficulties Japanese brewers face in expanding in the global beer market, which is set to be dominated by a planned merger of its two biggest players, Anheuser-Busch InBev and SABMiller.

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