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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
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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.

© Reuters. FILE PHOTO: A Starbucks sign is show on one of the companies stores in Los Angeles, California

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.

 

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