By Yifan Wang

Starbucks Corp. and Sequoia Capital China have formed a strategic partnership to make investments in China's technology sector, the U.S. venture capital firm's China operation said on Monday.

The two companies will collaborate on investments in technologies in the retail and food-and-beverage industries, Sequoia Capital China said in an official social media posting.

The partnership will allow Starbucks to accelerate its digital innovations, and provide opportunities for Sequoia's portfolio companies to scale up and commercialize their products and services, the statement said.

The statement didn't disclose financial details of the partnership.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

April 27, 2020 01:31 ET (05:31 GMT)

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