Caixin
BUSINESS & TECH

Starbucks Vows to Step Up Expansion After Strong-Arm Allegations

A Starbucks coffeeshop is seen in Xiamen, Fujian province, on April 19. Photo: VCG
A Starbucks coffeeshop is seen in Xiamen, Fujian province, on April 19. Photo: VCG

* Starbucks says it will quicken pace of store openings in China from 580 to 600 a year

* Announcement follows accusations that it has signed exclusivity agreements with property managers to keep out competitors

Starbucks Corp. vowed on Wednesday to accelerate its expansion in China, a day after a rapidly growing Chinese coffee startup charged it with acting like a monopoly.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.