Saturday 17 November 2018
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scmp - 3 month ago

Bakery chain 85C share price falls in China as backlash grows over gift for Taiwanese president

The share price of popular Taiwanese bakery chain 85C plunged on Thursday as it was erased from delivery platforms amid growing calls for a boycott in mainland China. And in Taiwan the company faced local anger over its attempts to defuse the situation. The escalating cross-strait furore follows the company s warm welcome of Taiwanese president Tsai Ing-wen during her weekend stopover in Los Angeles. The bakery s parent company, Gourmet Master, fell more than 7 per cent on the...

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