Chinese-style noodle chain restaurants first became tech investor darlings in 2021 when the industry faced tightened regulation.
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Tim Hortons to continue China expansion as Q3 net loss widens 72%
Tencent-backed Tims China, the Chinese venture from coffee giant Tim Hortons, saw its revenue increase 67.9% to RMB 182.1 million ($25.5 million) for the third quarter of 2022, while its net loss widened by 72.4% from last year to RMB 195 million, according to the firm’s first financial report since listing on the Nasdaq following […]
