Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

SMIC Profits Soar to $138m in Second Quarter
Foldable Phone-Maker Plans Shenzhen IPO, Dispelling Rumors of U.S. Listing
Astra Inks Oxford Vaccine Production Deal with China’s Kangtai
Trending Story: Are Any New Graduates Really Worth 2 Million Yuan a Year? Netizens Discuss!
Trending in China: Popcorn or Cheaper Tickets - What Would Make You Return to the Cinema?
Tesla Challenger Xpeng Raises $400 Million Before Planned U.S. IPO
CATL Announces it Will Supply Batteries for Mercedes-Benz New Electric Sedan
TikTok Sees No Slowdown in Global Popularity Despite Indian Ban and U.S. Threats
Baidu Search, Sina Weibo on ‘Secret List’ of Chinese Apps Banned in India’s Latest Purge
Trending in China: Choosing a College Major - For Love or Money?
Evergrande Health Forges Ahead With Six New Electric Vehicles
Trending in China: How Cute Rabbit Ears Are On the Frontline in Fight Between Delivery Firms
Chinese Company Files Lawsuit Against Apple’s Siri for Patent Infringement Worth Billions
China Home to Six of the World’s Top 10 Unicorns, Hurun Report Says
Trending in China: Can Music Streamers Help Users’ Depression?
Core Parts of China’s Beidou Satellite System ‘100% Made in China’
Trending in China: Xiaomi CEO’s Shows How Best To Harness China’s Social Media Humor for Serious Business
Apple Takes Down Over 30,000 Apps from China Store Amid Government Crackdown
Chinese Chipmaker SMIC to Establish Joint Venture for Wafer Production
Microsoft Said Plan to Acquire TikTok Will Continue
Tencent Fuels Canadian Coffee Chain Tim Hortons Chinese Expansion

By Ding Yi / May 12, 2020 04:32 PM / Business & Tech

Photo: Tim Hortons

Photo: Tim Hortons

Internet giant Tencent is delving into one of Canada’s more low-tech institutions by helping coffee chain Tim Hortons expand into the competitive Chinese market.

According to an announcement published Tuesday on the microblogging site Weibo, Tim Hortons said it plans to use the fresh capital from China’s leading game company to upgrade its digital infrastructure and open more stores in the country, where coffee consumption still lags far behind that of North America and represents a big growth opportunity.

The announcement did not disclose the amount of the investment.

As part of its digitization strategy, Tim Hortons China CEO Lu Yongchen said the company will “use WeChat-embedded mini programs” to improve the customer experience and boost sales in China, one of the world’s fastest growing coffee markets.

In China, mini programs that run on the Tencent-owned WeChat platform are considered an efficient online method by retailers to attract potential customers and promote sales.

Since entering China in February 2019, Tim Hortons has already established some 50 locations across the country, the majority in the financial hub of Shanghai. The company said that it plans to open more than 1,500 outlets across the country, without providing a specific timetable.

Tim Hortons’ announcement comes after high-tech coffee chain Luckin, which was known for its rapid expansion and heavily discounted products, had trading in its U.S.-listed shares frozen due to financial misreporting.

Contact reporter Ding Yi (

Related: Trade in Luckin Shares Frozen Until It Gives Nasdaq Additional Information

Share this article
Open WeChat and scan the QR code