Starbucks Corporation (NASDAQ: SBUX) has launched a partnership with venture capital firm Sequoia. The two companies will co-invest in China and look to launch “commercial partnerships with next-generation food and retail technology companies.”
In a statement, Starbucks said it will provide retail expertise, infrastructure, and scalability to targeted companies.
THE DAILYALTS PLAYBOOK April 22, 2020 The DailyAlts Playbook Talks About The Madness of Shorting Tesla, Expedia’s Capital Raise, the Belt Road Initiative, and “Gooooooold.” PRIME OVERVIEW Good morning, Yesterday, …
The Agriculture Bank of China is making available a new mobile app to a select group of users. It appears to be downloadable from a website link (currently down) provided by the Bank. According to a report, the bank is perhaps launching a test run for the country’s virtual currency. It is also known as a central bank digital currency (CBDC), or in China, as DCEP.
It’s a painful observation, but venture capitalist firms with plenty of dry powder are looking at Chinese startups as potential multi-baggers. After the disruption of the coronavirus, startups confront difficult fundraising, lower valuations, and tighter performance expectations. But things may be turning.
THE DAILYALTS PLAYBOOK April 3, 2020 Today, the DailyAlts Playbook Talks About Mark Yusko, Bill Ackman, Tiger King, and “Bringing Back Paper Bags…” PRIME OVERVIEW Good morning: Markets are still …
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