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Stock impact report

Reborn Coffee partners with IAID to enter Chinese market [Yahoo! Finance]

Reborn Coffee, Inc. (REBN) 
Company Research Source: Yahoo! Finance
The partnership will launch with the opening of a Reborn Coffee location in Guangzhou, Guangdong province. As a part of its strategic growth plan, the American café chain plans to establish a presence in other major Chinese cities such as Shanghai and Shenzhen. Reborn Coffee CEO Jay Kim said: “We are fully dedicated to ensuring our expansion into China becomes a landmark success. This joint venture with IAID Co Ltd. is a significant step forward in our strategic endeavours to introduce Reborn Coffee's distinctive coffee culture to new geographies.” The new joint venture combines Reborn Coffee's expertise in retail coffee operations with IAID's knowledge of lifestyle design. IAID CEO Henry Hu said: “We are thrilled to join with Reborn Coffee's robust retail operation capabilities. “Our collaboration is set to redefine the coffee scene by introducing a premium speciality coffee experience coupled with a high-quality, design-focused lifestyle social gathering. “We are confid Show less Read more
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