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Published in TZ Latest News 18 March, 2015 by The TZ Newswire Staff

Starbucks partners drinks maker Tingyi to expand in China

SHANGHAI/SEATTLE (Reuters) – Starbucks Corp (SBUX.O) will partner Taiwanese drinks maker Tingyi Holding Corp to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks will have Tingyi manufacture the drinks for China and help extend its distribution on the mainland, the U.S. coffee giant’s fastest-growing overseas market, the pair said in a joint statement on Thursday. Starbucks announced its deal with the No.

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