Tim Hortons eyes China coffee drinkers with Tencent investment

Tim Hortons eyes China coffee drinkers with Tencent investment

4 years ago
Anonymous $-9GJQVHNr8

https://techcrunch.com/2020/05/12/tim-hortons-eyes-china-coffee-drinkers-with-tencent-investment/

Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing the size of the proceeds.

Tim Hortons did not immediately respond to TechCrunch’s request for comment. A spokesperson for Tencent declined to comment on the investment.