The first Starbucks store in mainland of China closed in Beijing due to unaffordable high rental

According to Voice of the Economy “World Finance” report, due to unaffordable high rental a Starbucks outlet located in the ground floor of the Beijing China World Shopping Mall has officially closed recently. This Starbucks outlet was established in January 1999, the first Starbucks store set up in Mainland of China. The location is in Beijing’s most bustling commercial center.

Source: CNR

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