I'm super curious how locals are reacting to boutique/international tea products like Teavana. I love the more regal treatment of Starbux with the tasting menu...
Great post!
I'm super curious how locals are reacting to boutique/international tea products like Teavana. I love the more regal treatment of Starbux with the tasting menu...
Great post!
Yeah the total tea market (and cheap bubble milk tea) is $9.5billion USD which is still ten times larger than its coffee market. Starbucks is not going anywhere, but I do think the growth will slow; much like in other world cities that are already over-saturated with Starbucks, some Chinese urbanites are already evolving towards more intimate local cafes. Quote from that article: