Starbucks Is Back in Business in China

Starbucks (NASDAQ: SBUX) is resuming its business in China. The coffee giant said on Thursday that it has reopened nearly all of its stores in the country after shuttering them temporarily in response to the coronavirus outbreak and the subsequent drop in customer traffic.

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CEO Kevin Johnson told investors that Starbucks has reopened 85% of its Chinese locations as the health and economic conditions have improved. "With the number of new cases in China slowing, we are seeing the early signs of a recovery in the region," he said in a press release.

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Source Fool.com