Starbucks (SBUX) has inked a strategic partnership with Meituan to expand its coffee chain delivery footprint in China. Customers will order coffee delivery via the company’s apps platform. Over the years, Starbucks has relied on Alibaba’s (BABA) Ele.me for coffee delivery in China. It will continue its partnership with Alibaba as it develops specialty events and deliveries with Meituan. Starbucks is a U.S.-based company that roasts and retails specialty coffee. It runs over 30,000 stores in 80 markets. The Starbucks earnings report for Fiscal Q1 2022 is scheduled for January 27, 2022. Starbucks dividends have increased steadily over the years, leading to a dividend yield of 1.88%. SBUX shares fell 2.
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