image

Tencent

Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.

The market for on-demand delivery is crucial for Chinese internet giants as it opens up an entry point to other services such as online payments
               Starbucks and Luckin are vying for a bigger share of a fast-growing coffee market in the world’s most populous nation

Alibaba to expand Starbucks coffee deliveries in China

Alibaba Group Holding’s on-demand delivery services unit Ele.me plans to expand a Starbucks coffee delivery service across more Chinese cities as it ramps up competition with a raft of new entrants including beverages upstart Luckin Coffee, which is backed by Tencent Holding.