Bizbeat Ep.170: Blooming coffee industry attracts China's tech giants
CGTN, 09 Jul 2021
For more:
https://www.cgtn.com/video
In many cities in China, coffee has become a must-have for consumers. New brands continue to mushroom, with commercial coffee chains accelerating their expansion with private financing. Earlier this year, Canadian coffee chain Tim Horton's completed a new round of financing. Rapidly growing local brand Manner Coffee has attracted investment from such Chinese tech giants as Meituan and ByteDance. Why are tech firms investing in coffee chains? In this episode of BizBeat, CGTN's Lily Lyu explains.
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https://www.cgtn.com/video
In many cities in China, coffee has become a must-have for consumers. New brands continue to mushroom, with commercial coffee chains accelerating their expansion with private financing. Earlier this year, Canadian coffee chain Tim Horton's completed a new round of financing. Rapidly growing local brand Manner Coffee has attracted investment from such Chinese tech giants as Meituan and ByteDance. Why are tech firms investing in coffee chains? In this episode of BizBeat, CGTN's Lily Lyu explains.
Subscribe to us on YouTube: https://goo.gl/lP12gA
Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8
Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv
