Stock Chart Icon<\/title>Stock chart icon<\/desc><\/path><\/path><\/path><\/path><\/path><\/g><\/svg><\/p>\n
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Tim Hortons parent versus Starbucks<\/p>\n<\/div>\n
\n
China-based Luckin Coffee now has more than 9,000 stores, while Tim Hortons has more than 600 locations after entering the country in 2019, according to the companies. New brand Cotti Coffee is so popular its website warns of people trying to impersonate the brand.<\/p>\n
Starbucks opened its 6,000th store in mainland China in September 2022.<\/p>\n<\/div>\n<\/div>\n
Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Starbucks opened its 6,000 store in mainland China in September 2022. Bloomberg | Bloomberg | Getty Images BEIJING \u2014 Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday. 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China-based Luckin Coffee now has more than 9,000 stores, while Tim Hortons has more than 600 locations after entering the country in 2019, according to the companies. New brand Cotti Coffee is so popular its website warns of people trying to impersonate the brand.<\/p>\n

Starbucks opened its 6,000th store in mainland China in September 2022.<\/p>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Starbucks opened its 6,000 store in mainland China in September 2022. Bloomberg | Bloomberg | Getty Images BEIJING \u2014 Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday. 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Not only are people more cautious, but they now have more…","og_url":"https:\/\/financeworld24.com\/chinese-consumers-wont-return-to-pre-covid-spending-soon-a-problem-for-starbucks-morgan-stanley-says\/","article_published_time":"2023-05-29T05:15:00+00:00","og_image":[{"url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107246480-16850015941685001591-29603372979-1080pnbcnews.jpg?v=1685003024&w=750&h=422&vtcrop=y"}],"author":"Finance World 24","twitter_card":"summary_large_image","twitter_misc":{"Yazan:":"Finance World 24","Tahmini okuma s\u00fcresi":"2 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/financeworld24.com\/chinese-consumers-wont-return-to-pre-covid-spending-soon-a-problem-for-starbucks-morgan-stanley-says\/","url":"https:\/\/financeworld24.com\/chinese-consumers-wont-return-to-pre-covid-spending-soon-a-problem-for-starbucks-morgan-stanley-says\/","name":"Chinese consumers won't return to pre-Covid spending soon \u2014 a 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