Sep 15, 2022 03:32 AM

BUSINESS

Starbucks to Make China Its Biggest Market by 2025, Surpassing U.S.

By Hu Jingyi, Shen Xinyue and Denise Jia

A Starbucks store in Shanghai on June 29, 2022.

A Starbucks store in Shanghai on June 29, 2022.

Starbucks Corp. plans to open 3,000 stores in China in the next three years, bringing the total to 9,000 locations and pushing China past the U.S. as the coffee giant’s biggest market by 2025.

China is currently Starbucks’ second-largest market, with 16% of global stores and accounting for 7% of total revenue in the 2022 second quarter. The company aims to double its China revenue by 2025.

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