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Sept. 18, 2019, 8:39 a.m. EDT

Starbucks launches voice ordering in China with Alibaba smart speaker

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By Tonya Garcia

Starbucks Corp. /zigman2/quotes/207508890/composite SBUX -0.30% said Wednesday that it has partnered with Alibaba Group Holding Ltd. /zigman2/quotes/201948298/composite BABA -4.37% to launch voice ordering in China with Alibaba's smart speaker, Tmall Genie. The Starbucks virtual store sells a Starbucks-themed version of the speaker. Deliveries arrive within 30 minutes. Starbucks and Alibaba have been partners for one year and have collaborated on a number of programs to grow the coffee business in China. The voice ordering program uses Alibaba's Ele.me on-demand food delivery platform, which was introduced earlier this year. Starbucks stock has rallied almost 65% over the past year. Alibaba shares are up 14.3%. And the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.39% is up 3.5% for the period.

/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 86.03
-0.26 -0.30%
Volume: 4.63M
Oct. 18, 2019 4:00p
P/E Ratio
30.51
Dividend Yield
1.67%
Market Cap
$102.98 billion
Rev. per Employee
$86,863
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/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 169.13
-7.72 -4.37%
Volume: 14.59M
Oct. 18, 2019 6:30p
P/E Ratio
30.26
Dividend Yield
N/A
Market Cap
$440.34 billion
Rev. per Employee
$781,259
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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