Starbucks (NASDAQ:SBUX) is reaching a major milestone with its 6,000th store in China. This will also be the company’s 1000th store in Shanghai. It is also launching a city-themed handcrafted coffee beverage in China to mark the occasion.
Moreover, the company is gunning for accelerated growth and aims to reach 9,000 stores in 300 Chinese cities by 2025.
This implies Starbucks will open a new store every nine hours over the next three years in China.
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