The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
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Starbucks enters strategic partnership with Alibaba to fend off Luckin rivalry
The rumor about a possible tie-up between Starbucks and Alibaba-backed delivery service Ele.me has been around for a while. But it turns out that the partnership is much larger in scale than previously thought. The partnership will cover nearly every key business within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao, and Alipay.
