Founder Behind Mega China Bicycle Bust Starts Over in NYC
- Dai created a high-tech coffee store startup for New York City
- His previous venture was the bike-sharing service Ofo
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In February last year, a tiny coffee store with red neon signs opened at Gramercy Park, one of the most idyllic neighborhoods in New York City. The shop, labeled About Time Coffee, soon spawned four other prime locations in downtown Manhattan, peddling iced boba coffee that’s suddenly a trend on TikTok and Instagram.
This is not your typical neighborhood coffeehouse, but a tech-savvy startup backed by some of China’s biggest venture firms.