Anonymous ID: daed38 May 14, 2020, 5:55 a.m. No.9167823   🗄️.is 🔗kun

https://www.yahoo.com/entertainment/tim-hortons-eyes-china-coffee-072243265.html

 

anadian 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.

 

The 55-year-old Canadian coffee chain entered China in February 2019. With Alibaba already tapped by Starbucks, its archrival Tencent became an obvious ally for Tim Hortons. The coffee firm said the fresh capital will go towards setting up digital infrastructure, such as a WeChat-based mini app, and opening more storefronts. It currently counts about 50 locations in China, most of which are in Shanghai, and aims to reach 1,500 stores without specifying a deadline for the plan.

 

Investors and businesses have in recent years been jostling to convert a nation of tea drinkers into coffee consumers by merging online and offline retail. Starbucks palled up with Alibaba on a series of "new retail" efforts, which include shared membership perks between the two, delivery carried out by Alibaba's Ele.me, voice ordering and a distribution partnership with Alibaba's omnichannel supermarket Hema. Coffee upstart Luckin, recently ensnarled in an accounting scandal, was digital from day one and focuses on app orders and 30-minute delivery.

Anonymous ID: daed38 May 14, 2020, 6:02 a.m. No.9167876   🗄️.is 🔗kun

It's old but…

 

https://www.thewrap.com/hollywood-companies-owned-by-china/

 

AMC and Legendary

 

https://www.usnews.com/news/best-countries/articles/2019-06-06/china-expanding-influence-over-media-abroad-report-warns

 

In a 2016 speech, Chinese President Xi Jinping, leader of the Chinese Communist Party, told state media, "Wherever the readers are, wherever the viewers are, that is where propaganda reports must extend their tentacles."

 

Today, years after the Chinese government began advising governments abroad and expanding its sphere of influence, Beijing is increasingly looking to global media as a tentacle for sharing its ideology

 

(rather intimidating, those Chinques)

 

Link embedded: https://www.usnews.com/news/best-countries/articles/2018-11-01/china-expands-its-surveillance-model-by-training-other-governments (what are we seeing now Anons?)

 

https://www.cnbc.com/2017/05/11/10-iconic-american-companies-owned-by-chinese-investors.html

 

https://www.axios.com/china-exploits-us-investment-to-conquer-media-1515429178-a5b1554c-acc8-4817-8cb8-218faae2d8b3.html

 

Investing in the U.S. ad tech landscape is a major priority for the Chinese internet companies, (think your ad blocker will keep working?)