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In China, Starbucks plans to open a store every 15 hours for 4 years

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Starbucks Corp. unveiled a bold new expansion plan in the Chinese market.

The coffee chain announced it would seek to open a new store every 15 hours through 2022. By that time, it hopes to have 6,000 stores open on the mainland.

“China has a long runway of opportunity for Starbucks," Starbucks CEO Kevin Johnson said. “We can’t control what happens in the geopolitical situation. We are not immune to it, but we take a long-term view.”

Read more from Bloomberg.


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