As a result, the company recorded 20 percent revenue growth in 2018, marking the first time the brand's revenue had hit the 10-billion-yuan mark since its founding.
Profits of industrial companies with annual revenue of more than 20 million yuan totaled 1.8 trillion yuan, or about 254 billion US dollars, during the January-May period.
The combined profits of industrial firms with an annual main business revenue of at least 20 million yuan, about 2.8 million U.S. dollars, totaled 4 trillion yuan.
Buoyed by rising commodity prices, upstream enterprises reported significant revenue and profit increases last year, driving the growth of fiscal revenue, he said.
Starbucks plans to increase its store numbers by 50 percent to 9,000 stores by 2025 in China-its second-largest market-as well as double its sales and quadruple its operating income.
The National Bureau of Statistics says industrial firms each with annual main business revenue of at least 20 million yuan saw their combined profits reach 1.96 trillion yuan in the period.
Industrial firms with annual main business revenue of at least 20 million yuan, or about 2.8 million U. S. dollars saw their combined profits reach about 7.7 trillion yuan in the period.