Who owns Lao Xue?
Lao Xue is owned by CR Beer (China, HKEX: 0291).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: China Resources Beer (Holdings) Company Limited: Annual results announcement for the year ended 31 December 2025, 23 March 2026. Last checked .
Key facts
- Current owner
- China Resources Beer (Holdings) Company Limited reported
- Owner HQ
- 🇨🇳 China, Shenzhen
- Origin
- 🇨🇳 China
- Category
- Beverages › Beer › Lager
- Parent ticker
- HKEX: 0291
- Last verified
- · 1 sources
About Lao Xue
Lao Xue, or "old Snow", is a Snow beer that China Resources Beer describes as made by traditional brewing methods with a fuller malt flavour and a lingering bitterness. Its sales volume grew 60% in 2025, and it was promoted through tie-ins with the film Creation of the Gods II, the television dramas This Thriving Land and Uncle, and the Jiangsu Football City League.
Ownership timeline of Lao Xue
Where Lao Xue sits in CR Beer
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full CR Beer ownership tree →
See the full CR Beer brand portfolio (5) →
Other brands owned by CR Beer
CR Beer controls 5 brands on Brandtree, 5 of them in beverages.
Also in beverages
Other brands in lager, and who owns them
The 200 brands in lager on Brandtree belong to 55 owners. The largest is AB InBev, with 17; CR Beer has 4.
About the owner: CR Beer
CR Beer is a publicly listed company headquartered in Shenzhen, China. Brandtree records 5 brands under its control, and it is listed as HKEX: 0291.
China Resources Beer is a Hong Kong-incorporated, Hong Kong-listed brewer controlled by the China Resources group, and the owner of Snow beer. In 2025 it sold about 11.03 million kilolitres of beer from 59 breweries in mainland China and moved its headquarters to Shenzhen; it also controls the Guizhou Jinsha baijiu distillery. It brews and sells Heineken, Amstel and other Heineken brands in China under a brand licence from Heineken, which it does not own; under 2018 agreements Heineken took 40% of the holding company that controls CR Beer, giving it an indirect economic interest of 20.67%.
🇨🇳 Lao Xue and other Chinese brands
Brandtree records a controlling owner for 339 brands that began in China. 39 of them (12%) are now controlled by a company headquartered in another country; Lao Xue is not one of them.
- 17.5° — Nongfu Spring 🇨🇳
- AFIP — Changyu 🇨🇳
- Augerta — Tsingtao Brewery 🇨🇳
- Century-old Luzhou Laojiao Jiaoling — Luzhou Laojiao 🇨🇳
- Fenjiu — Shanxi Fenjiu 🇨🇳
- Gujing Gongjiu — Gujing 🇨🇳
Frequently asked questions
Who is the parent company of Lao Xue?
The parent company of Lao Xue is CR Beer, a publicly listed company headquartered in China.
Is Lao Xue Chinese?
Yes. Lao Xue originated in China and its owner, CR Beer, is also headquartered in China.
Is Lao Xue still owned by CR Beer?
Yes. As of 16 September 2026, Lao Xue is still owned by CR Beer. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] China Resources Beer (Holdings) Company Limited: Annual results announcement for the year ended 31 December 2025 — China Resources Beer (Holdings) Company Limited, Stock exchange filing, published 23 March 2026; retrieved 16 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.