Free Coffee? New York's About Time Coffee Uses Tech to Keep Costs Low, Profits High
Specialty coffee for... free? ☕️
New York's About Time Coffee is not your typical neighborhood coffeehouse, and its tech-first approach keeps costs low and profits high.
It is backed by some of China's biggest venture firms who have made bets on the nascent New York coffee chain hatched by Dai Wei, the controversial founder of Chinese bike-sharing startup Ofo Inc.
Dai, in his early thirties, is the face of China’s biggest tech bubble of recent times, when investors poured billions of dollars into companies renting dockless bikes with no clear business model.
In 2018, Ofo ceased operations after funding dried up, but Dai is back.
Head to the link in bio to read about Dai's comeback.
#quicktake #coffee #food #newyork
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New York's About Time Coffee is not your typical neighborhood coffeehouse, and its tech-first approach keeps costs low and profits high.
It is backed by some of China's biggest venture firms who have made bets on the nascent New York coffee chain hatched by Dai Wei, the controversial founder of Chinese bike-sharing startup Ofo Inc.
Dai, in his early thirties, is the face of China’s biggest tech bubble of recent times, when investors poured billions of dollars into companies renting dockless bikes with no clear business model.
In 2018, Ofo ceased operations after funding dried up, but Dai is back.
Head to the link in bio to read about Dai's comeback.
#quicktake #coffee #food #newyork
--------
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals: bloombergtv
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
YouTube: bloomberg
Breaking News on YouTube: @bloombergquicktakenow
Twitter: Twitter: quicktake
Facebook: Facebook: quicktake
Instagram: Instagram: quicktake
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