• About
  • Subscribe
  • Advertise
  • Contact
  • MICE
Friday, June 13, 2025
Newsletter
SUBSCRIBE
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
Home

Tech giant Tencent partners with Chinese Luckin Coffee

by Staff Writer
September 10, 2018
in News
Reading Time: 1 min read
A A
Share on FacebookShare on Twitter

Chinese tech conglomerate Tencent has partnered with Luckin Coffee to capitalise on China’s expanding coffee market, the South China Morning Post reports. Deputy General Manager of Tencent's payment platform WeChat Pay, Lei Maofeng, says the partnership “will create a new lifestyle of ‘smart retail’ through tie-up on user traffic, technology exploration, application scenarios and management abilities”. Luckin Coffee launched in November 2017 and operates 1003 chain outlets across China and is valued at more than US$1 billion. Luckin Coffee Co-founder Yang Fei says the collaboration will help increase Luckin’s popularity, as well as update its current smart operation system. Technology news site 36Kr reports the partnership will focus on marketing both businesses, promoting the WeChat Pay app as well as the coffee chain. According to Statista, the Chinese coffee market will generate a revenue of US$2.087 billion in 2018 and is expected to grow annually by 14.3 per cent. The partnership follows a similar deal between Starbucks’ Chinese stores and Alibaba announced in August. Collaborating across key businesses within the Alibaba ecosystem, including Ele.me, Hema, Tmall, Taobao and Alipay, Starbucks plans to pilot delivery services beginning September 2018.

Related Posts

An East African country is on track to produce nearly 100 tonnes of coffee in 2025, according to its government.

Mozambique expected to produce 100 tonnes of coffee

by Georgia Smith
June 13, 2025

Mozambique in East Africa is on track to produce nearly 100 tonnes of coffee in 2025 following a €4 million...

Image: EKKAPON/stock.adobe.com

Brazilian farmers in key Arabica region switching to Robusta?

by Daniel Woods
June 13, 2025

Coffee producers in the world’s highest-production Arabica growing region, Minas Gerais, are reported to be testing Robusta varieties amid continuing...

coffee berry borer

New software developed to detect coffee berry borer outbreaks

by Georgia Smith
June 12, 2025

New research from Edith Cowan University (ECU) in Australia has produced a software system that can detect coffee berry borer...

Please login to join discussion

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Prime Creative Media launched Global Coffee Report in April 2011 with the aim of promoting, growing and informing the global coffee industry through the provision of the most relevant and current information and in-depth analysis from the sector’s most influential voices.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Global Coffee Report

  • About
  • Advertise
  • Subscribe
  • Magazine
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Latest News
  • Profiles
  • Products
  • Market Reports
  • Technology
  • Equipment
  • Marketing

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research & Development
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
  • About Us
  • Advertise with Global Coffee Report
  • Latest Magazine
  • Contact Global Coffee Report

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited