Starbucks Bets Large On China

Starbucks just brewed a major deal in China.
The company announced a plan in 2016 to open more than one new store a day in China for the next five years.
The Seattle-based company is acquiring the locations from its long-term partners Uni-President Enterprises Corp. and President Chain Store Corp.China will get a new Starbucks every day for 5 yearsStarbucks remains bullish in China.
“We just finished a fantastic year in China where the results are as strong as they’ve ever been.
The company aims to have 5,000 stores across China by 2021.

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