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Starbucks says in partnership with Sequoia Capital China for investments

Published 04/26/2020, 10:34 PM
Updated 04/26/2020, 10:35 PM
© Reuters. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California

BEIJING (Reuters) - Starbucks (NASDAQ:SBUX) on Monday said it has entered a strategic partnership with investment firm Sequoia Capital China that will see the two companies make strategic co-investments in China's technology sector.

The U.S. coffee giant said in a statement that the partnership will create opportunities for it to evolve its business in China and the two will also be able to obtain early access to ideas in the retail marketplace.

 

Latest comments

Yep. That's it for me. I will not be spending money with Starbucks anymore.
  - It's obvious you're Chinese because you lie through your teeth without flinching.
How do I lie? I am on no one's side. I just tell the facts.
it's a business world ... chill mike ... just dont drink or buy any Starbucks ... still another 1.6 B would
I told you guys ... businesses of all kinds will flock to China to invest. China is the only place with huge potential and huge growth. No business in their right mind would want to avoid the 1.4B consumer market. If you are a capitalist, you will go to China. Even most investors will look to invest there.
Move to China. I'm done with you Starbucks forever!
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