From coffee to electric cars to an online platform for just about everything, it’s been a busy week for Chinese internet giant Tencent and its associates. Coffee Tencent upped the ante on rival Alibaba in their race to corner the market for China’s coffee drinkers. It signed a strategic partnership agreement with local chain Luckin Coffee on Thursday, according to official WeChat accounts for the companies. The tie-up will explore robotic delivery of orders as well as payments using facial recognition. Tencent’s WeChat payment system will also be used at Luckin stores and orders online, according to the statements, which did not disclose the deal terms. The partnership comes on the heels of Starbucks joining forces last month with Alibaba’s food delivery unit to begin delivery of its drinks and baked goods in China. The global coffee brand is putting down big bets in China, wagering that it will triple revenue there over the next five years. Luckin, a Beijing-based coffee sta...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now