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China tech

Tencent and ByteDance smell opportunity brewing in China cafe chains

Tech leaders invest in likes of Manner Coffee and Tim Hortons

A cappuccino served at a Beijing cafe: China's cafe market is on pace to grow 15% annually in the five years through 2023.   © Reuters

SHANGHAI -- Tencent Holdings and ByteDance are among the Chinese tech companies betting that their products and coffee shops will go together as good as, well, coffee and cream.

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