Anheuser-Busch InBev NV (ABI.EBR) is competing with Beijing Yanjing Brewery (000729.SZ) and China Resources Enterprise (0291.HKG), the maker of the “Snow” beer brand, to bid for a US$700 million stake in breweries owned by China’s Kingway Brewery Holdings, Reuters reported, quoting unnamed sources. Kingway Brewery plans to keep two of its production facilities and has invited bids for equity stakes in six other breweries with domestic and overseas distribution networks, the source said. Bidders are expected to conduct due diligence over the next two months. Both foreign and Chinese brewers are seeking to increase their market share in China, the world’s largest beer market, and the Kingway sale is one of the few sizeable brewery assets that has come up for sale in the past few years. China’s beer demand hit 450 million hectoliters in 2010 and is expected to grow 5% annually in coming years, double the 2.5% growth forecast for the global market for 2011.