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...When the probe was opened, the EU’s top competition enforcer Margrethe Vestager said “chocolates, biscuits and coffee are products consumed by European citizens daily”, and that the commission would look...
Parent company ByteDance on track to become world’s biggest social media group with $120bn in global sales
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...In China consumption is up more than 130 per cent, as revealed by the exponential growth of coffee chains there. The country now leads the world with the most coffee chain stores, ahead of the US....
...Yet, China’s domestic coffee and tea chains are fast growing and lucrative industries. Chabaidao, which is China’s third-largest maker of fresh tea drinks, has recorded spectacular growth....
...But one TikTok executive made a really good point over a cup at Philz Coffee last week. This is not “TikTok vs Washington”, they said, but “TikTok vs Washington vs Beijing”....
...Costa Coffee, operated by an Indian franchisee of Yum Brands, has announced plans to add 50 cafés a year, while homegrown chains such as Third Wave Coffee and Blue Tokai Coffee Roasters each raised money...
Internet regulator orders delisting of two Meta-owned apps over ‘national security concerns’
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...Coming up short Jeff Yass’s Susquehanna International Group first invested $80,000 in TikTok parent ByteDance a decade ago, betting on an idea sketched out on a napkin in a Beijing coffee shop....
...Another customer in his forties said he liked coffee and tea, but the latter was “more suited to the Chinese palate”....
Video app vows legal battle to prevent effort to separate it from Chinese parent
The gaming giant once made as much as 5% of its total sales from Blizzard games
Chinese control of a powerful ‘persuasive AI’ tool cannot be tolerated
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