Starbucks, Alibaba announce China delivery venture
Starbucks joins a booming Chinese delivery industry for goods ranging from clothes to groceries to cooked food.
Starbucks, which opened its first mainland China location in 1999, has 3,400 outlets in 140 Chinese cities but faces intense competition. The company said in its latest quarterly results Chinese sales declined 2 percent.
Alibaba is the world’s biggest e-commerce company by total value of the merchandise sold across its platforms. The bulk of those sales are business-to-business, but the company is increasingly expanding into consumer-oriented services.
“We are breaking the physical and virtual barriers between the home, office, in-store and digital space,” the CEO of Starbucks China, Belinda Wong, said in a statement.
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