Friday, August 3, 2018

Starbucks and Alibaba join forces as China coffee war brews

Did you know ???

by Dan Martin / Agence France-Presse

Starbucks coffees will be delivered to Chinese consumers with the help of e-commerce giant Alibaba, the companies said Thursday, as two of the world’s biggest names in retail join forces in a China coffee war that is rapidly heating up.

The partnership comes with Starbucks facing an aggressive challenge from Chinese upstart Luckin Coffee, which has grown rapidly on a business model of delivering beverages ordered via mobile apps.

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“We truly believe that this enduring partnership will elevate the coffee culture in China,” Starbucks president and CEO Kevin Johnson said at a Shanghai news conference.

Starbucks products ordered by mobile apps will be brought to customers by Ele.me, Alibaba’s food-delivery unit.

Check out the complete details here: http://bilyonaryo.com.ph/2018/08/03/starbucks-and-alibaba-join-forces-as-china-coffee-war-brews/

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