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Tencent signs partnership deal with coffee startup Luckin in challenge to Alibaba & Starbucks

From www.scmp.com

China’s two biggest technology companies are extending their competition to coffee.

Tencent Holdings, the social media and payments giant, announced a partnership with Chinese coffee start-up Luckin on Thursday. The tie-up comes a month after Alibaba Group’s Ele.me unit signed a partnership with Starbucks.

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