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According to Sanyan Technology, in response to the cancellation of Beijing 3W Coffee Co., Ltd., the founder Xu Dandan responded to Economic Observer.

Xu Dandan said that the original intention of registering Beijing 3W Coffee Co., Ltd. was to support the operation of coffee shops on Beijing Zhongguancun Entrepreneurship Street. At the end of last year, the store on Entrepreneurship Street was closed. Since the company had no other use, it decided to cancel the registration. The cancellation process takes some time, so it was officially completed recently.

Xu Dandan said that the coffee shop business has been in a loss-making state for many years, and currently the 3W incubator is the company's main source of income.

Specifically, the Zhongguancun store, for example, has not been profitable for many years. It is necessary to protect the company's cash flow and terminate the loss-making business.

Xu Dandan revealed that the lease of the Zhongguancun store expires on December 31, 2023, and the company has discussed with Entrepreneurship Street whether to renew the lease. Entrepreneurship Street hopes not to renew the lease, as they hope that the street will focus more on incubation projects in the fields of artificial intelligence, smart manufacturing, and Industry 4.0. The positioning of 3W Coffee is not consistent with the transformation direction of Entrepreneurship Street. In addition, the coffee shop has high costs, high vacancy rates, and has been losing money, so they decided to close the coffee shop.

Sanyan Technology previously noticed that the operating status of Beijing 3W Coffee Co., Ltd. changed from existing to cancelled.

According to online platforms, the 3W Coffee Zhongguancun store is currently closed, while the 3W Coffee Peking University store is operating normally. The latter's affiliated company is Beijing Ziyu Shuangchuang Coffee Co., Ltd., which was established in May 2018 and is also wholly owned by Shenzhen Sanda Buliu Yuanxing Technology Co., Ltd. (Comprehensive Economic Observer, etc.)