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China adds 12,000 coffee shops as thirst among masses grows, Starbucks suffers

SCMP LogoSCMP17h ago

China adds 12,000 coffee shops as thirst among masses grows, Starbucks suffers - SCMP

Quick Summary:

A presidential endorsement increases thirst for the drink while aggressive expansion and price competition make it more accessible.

Hangzhou, a tech hub in eastern China, followed in sixth place with 1,725 new openings.

Chengdu, the capital of southwestern Sichuan province, added 1,995 stores last year, ranking third nationwide.

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China adds 12,000 coffee shops as thirst among masses grows, Starbucks suffers - SCMP (Picture 1)

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 11:00:19 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 266 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28346087

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 5 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 9 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "China adds 12,000 coffee shops as thirst among masses grows, Starbucks suffers" has 266 words across 10 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "China adds 12,000 coffee shops as thirst among masses grows, Starbucks suffers" was covered 17 hours ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 5 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #28346087
  • URL: https://swalz.beamstart.com/news/china-adds-12000-coffee-shops-17463279159105

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