Visitors wait to taste beer at Tsingtao Brewery Co., Ltd. in Qingdao, a coastal city in east China's Shandong Province. (Xinhua/Guo Xulei)
JINAN, June 20 (Xinhua) -- East China's Shandong Province has identified 105 enterprises that have a history of more than 100 years, according to the provincial department of commerce.
"The enterprises, including Tsingtao Brewery and Yutang Pickled Vegetables, had a total revenue of 42.2 billion yuan (6.1 billion U.S. dollars) in 2018," said Wang Hongping, deputy head of the department.
There are 346 time-honored enterprises that have a history of 96 years on average, with total revenue of 198.6 billion yuan in 2018, according to a report released by the provincial department of commerce and the association of time-honored enterprises.
"Some of the enterprises, like Tsingtao Brewery, are famous both at home and abroad," Wang added.
Half of the time-honored enterprises in the province started an e-commerce business.
