TH International Limited (Nasdaq: THCH) ("Tims China") is the parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. Tims China was founded by Cartesian Capital Group and Tim Hortons Restaurants International, a subsidiary of Restaurant Brands International (TSX: QSR) (NYSE: QSR). The company's philosophy is rooted in world-class execution and data-driven decision making and centered on true local relevance, continuous innovation, genuine community, and absolute convenience.
About Tims China
In 1964, Tim Horton, a celebrated Canadian hockey star, founded the first Tim Hortons coffee restaurant in Hamilton, a serene city near Toronto. Over the course of 61 years, Tim Hortons has evolved into one of the world's most renowned coffee chain brands. It consistently ranks among the top 25 most valuable restaurant brands globally, as reported by the British brand research consultancy Brand Finance.
In 2019, Tim Hortons selected Shanghai as the location for its inaugural store in China and adopted its official Chinese name, "Tianhao Coffee," in 2023. Consistent with Tim's original vision of creating "a place where anyone could go at any time and feel at home," we have continuously offered our unique value proposition to our customers. This involves pairing fresh, quality local food with our beverages and providing signature hospitality, all at a fair price.
As of December 2024, Tims China operates 1022 stores across 82 cities in China, garnering a loyal membership base exceeding 24 million. Our distinctive "coffee + freshly prepared food" approach differentiates us from other brands, giving us a competitive advantage. This strategy has propelled Tims China to blend global brand influence with localized innovation efforts effectively, charting a unique and sustainable path for growth.
May 2018
Tims China was established through a partnership between Cartesian Capital Group and Restaurants Brands International.
February 2019
The first Tims store in China, marking the brand's 4,850th store worldwide, opened in Shanghai.
May 2020
Tims China secured an investment from Tencent, aimed at further accelerating its market expansion and digital transformation.
February 2021
Tims China received a new round of investment, led by Sequoia Capital, with Tencent increasing its stake and Eastern Bell Capital also participating.
March 2022
Tims China successfully completed a financing round, raising $194.5 million.
September 2022
Tims China was listed on the NASDAQ. Moving forward, Tims plans to continue growing its business and expanding its footprint in China's coffee market.
January 2023
Tims China officially adopted "Tianhao Coffee" as its name for the Chinese market.