ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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.

Despite last year's Luckin Coffee accounting scandal still fresh in the minds of many, China's up-and coming coffee chains have become the favorite of many of the country's largest tech companies, which can smell opportunity brewing.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more