![Blooming coffee industry attracts China’s tech giants [CGTN]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2021/07/Blooming-coffee-industry-attracts-Chinas-tech-giants-CGTN.jpg?resize=525%2C375&ssl=1)
In many cities, 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 Hortons completed a new round of financing. Another rapidly growing local brand representative is Manner Coffee and its growth has attracted the attention of Chinese tech giants — Meituan and ByteDance. Why are tech firms chasing after coffee chains? In this episode of BizBeat, CGTN’s Lily Lyu explains. Watch the video:
Video: Blooming coffee industry attracts China’s tech giants