Starbucks to Accept Payments Via Tencent’s WeChat Pay and Offer Social Gifts in Chinese Mainland

Yicai

2016-12-09

(Yicai Global) Dec. 9 – Tencent Holdings Ltd [HKG: 00700] and Starbucks Co. have reached a strategic cooperation agreement, Tencent announced on its official WeChat account.

Under the deal, customers will be able to make WeChat payments in nearly 2,500 Starbucks stores in the Chinese mainland with immediate effect. The two companies will also work together to launch an innovative social gift experience on WeChat early next year. Starbucks will become the first retail brand to offer a social gift experience on WeChat in the Chinese mainland.