Starbucks Strikes Partnership With Venture Capital Firm Sequoia To Make Tech Investments In China

From: cnbc.com

Starbucks has struck a partnership with venture capital firm Sequoia Capital China to co-invest in technology businesses in the world’s second-largest economy.

The coffee chain said that along with co-investments, it will look to form “commercial partnerships with next-generation food and retail technology companies.”

“The partnership enables Starbucks to tap into the most dynamic Chinese technology entrepreneurs in order to delight our customers with meaningful innovations created in China, for China,” Belinda Wong, chairman and chief executive officer at Starbucks China said in a press release.

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