global coffee giant Starbucks in China - food tech news in Asia

On January 26, global coffee giant Starbucks reported its Q1 fiscal 2021 results for 13 weeks from September 28, 2020, to December 27, 2020. The global comparable sales declined 5% with a similar slide in the United States, as the COVID-19 continued to hamper business. But in China, its second-largest market after the U.S., the business has largely recovered, with comparable sales up 5%, showing the Chinese market has fully recovered from the pandemic.

The company reported total net revenue in its . . .

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