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Tim Hortons to grow by 200 stores in China

Tim Hortons is in growth mode in China, where it plans to open 200 new units and debut a line of products for retail channels this year, the company said. The coffee chain, which has grown to 150 locations in China since launching there two years ago, has won an undisclosed amount of new financing from a group including Eastern Bell Capital, Tencent Holdings and Sequoia Capital China.

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