Coffee consumption in China is growing , with the trend attracting more foreign brands , along with new domestic start - ups . There were 100,000 coffee shops across China at the end of 2017 , compared with fewer than 16,000 in 2007 . US chain Starbucks is planning to increase its number of stores by nearly double in the next five years to reach 500 , while tripling its revenue , and Canadian chain Tim Hortons plans to open more than 1,500 stores in the next decade . Chinese chain Luckin Coffee , which closed last year , has also raised $ 200 m from investors to attract more store openings .
Coffee consumption in China is increasing, with the trend attracting more foreign brands, along with new domestic start-ups. There were 100,000 coffee shops across China at the end of 2017, compared with fewer than 16,000 in 2007. US chain Starbucks is planning to increase its number of stores by nearly double in the next five years to reach 6,000, while tripling its revenue, and Canadian chain Tim Hortons plans to open more than 1,500 stores in the next decade. Chinese startup Luckin Coffee, which launched last year, has also raised $200m from investors to fund more store openings.