Tim Hortons Secures Tencent Funding for China Expansion

Looking to expand in China to confront Starbucks' (NASDAQ: SBUX) growth directly, Restaurant Brands International's (NYSE: QSR) coffeehouse Tim Hortons said it has secured financing for the strategy from Chinese conglomerate Tencent (OTC: TCEHY).

According to TechCrunch, the doughnut and coffee chain announced the funding on its Weibo social media account. Details on the amount were not available.

Image source: Tim Hortons.

Continue reading

Source Fool.com