The logo of Chinese coffee chain 'Luckin coffee' is pictured on the window of a Luckin Coffee shop in Beijing, China, on August 02, 2018. 02AUG18 SCMP/Simon Song

Tencent signs partnership deal with coffee startup Luckin in challenge to Alibaba-Starbucks tie-up

The market for on-demand local services has become a hotly contested field among China’s internet giants because it serves as an entry point to other services, such as mobile payments, and also provides further insight into consumer spending patterns

Topic |   Tencent

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The logo of Chinese coffee chain 'Luckin coffee' is pictured on the window of a Luckin Coffee shop in Beijing, China, on August 02, 2018. 02AUG18 SCMP/Simon Song
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