Starbucks said that along with co-investments with Sequoia Capital China, it will look to form 'commercial partnerships with next-generation food and retail technology companies.'
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 latest push from Starbucks aims to boost the digital aspect of its business in China, one of its most important markets. The coffee chain said that along with co-investments, it will look to form "commercial partnerships with next-generation food and retail technology companies."
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