business news in context, analysis with attitude

• Starbucks yesterday named its first CEO for China while also saying it plans to more than double its store count - to 5,000, from 2300 in more than 100 communities - there by 2021. The company also plans to pen a Starbucks Roastery & Reserve Tasting Room in Shanghai sometime next year.

Belinda Wong, who has been president of Starbucks China, has been promoted to CEO of the division. At the same time, Leo Tsoi, vice president of store development and design for Starbucks China, has been promoted to COO there.
KC's View: