For years, Starbucks was the dominant coffee chain in China. Now rivals offering local flavors and cheaper prices are crushing the company’s bottom line in its second-largest market.
Source link : https://www.nytimes.com/2024/12/19/business/starbucks-china.html
Author : Alexandra Stevenson, Julie Creswell, Zixu Wang and Agnes Chang
Publish date : 2024-12-19 05:00:07
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