Tuesday, November 21, 2006

Starbucks gaining ground in tea-drinking China

"TIANJIN, China (Reuters) - Once a week, Wu Shafei, 22, and Li Jing, 24, meet at Starbucks (SBUX.O: Quote, Profile, Research) in a busy shopping district here for Frappuccinos and fruit salad -- it's a fashionable place to while away a Saturday afternoon.

"And the price is reasonable," Wu Shafei, a student, said.

At the next table, trade company employees Yu Xiaoli, 24, and Liu Peng, 22, said they, too, come here because they like the environment even though they think the frothy lattes are rather expensive.


These are typical Starbucks customers in China, a tea-drinking nation where a cup of coffee the first thing in the morning is a foreign concept.

The Seattle-based chain, which is ubiquitous in the United States, aims to grow to 40,000 stores around the world, half of which will be abroad."


(Source: Reuters)

No comments: