News Snapshot:
BEIJING/SHANGHAI (Reuters) – Chinese Starbucks customers can order the coffee chain’s drinks on Alibaba’s Taobao marketplace and mobile map apps, Reuters checks showed, in a sign the two companies may be expanding a partnership signed in 2018. The innovations also coincide with efforts to kickstart sales as the Chinese economy recovers from the impact of lockdowns to tackle the COVID-19 pandemic and as big U.S. companies see China as their best option for growth regardless of mounting political tensions between Beijing and Washington. Users of Alibaba Group Holding’s popular Taobao e-commerce platform, and its mobile mapping and navigation service Amap,...
