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ChinaPolitics

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

Taiwan’s popular cafe chain faces anger at home and in mainland China, as efforts to defuse reaction to controversial gift please no one

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Taiwanese President Tsai Ing-wen autographs a souvenir at the 85C coffee shop in Los Angeles. Photo: Facebook
Sarah Zhengin Beijing

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.

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The bakery’s parent company, Gourmet Master, fell more than 7 per cent on the Shenzhen Stock Exchange as Chinese social media users remained unimpressed with its efforts to defuse the situation, which started with reports of an impromptu gift to Tsai from an 85C outlet in California.

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