Hyundai’s $479M Malaysia Push: EV Ecosystem, Battery Plant, and Staria Minivan Production Expansion 
How much for cash? Why the informal economy is bad for business, consumers and society 
Thanksgiving Day 2024: The Ultimate Guide to Perfect Turkey, Stuffing, and Pumpkin Pie 
Google's DOJ Trial On Schedule: US Judge Rejects Delay Amid Trump Administration Shift 
Gen Z heads home: How to navigate the evolving parent-child relationship as kids become adults 
Nvidia's Fugatto AI Transforms Voices and Sounds, Ushering in a New Audio Era 
Water companies now have to release live sewage spill data – here’s why more transparency is the key to cleaner rivers 
Should France’s wine industry fear a new Trump tariff? 
BYD Pressures Suppliers for 10% Price Drop to Stay Ahead in China's Tough NEV Market 
Donald Trump’s Trade Policies Leave Farmers ‘On the Brink’: Price Drops and Tariff Wars Ignite Controversy 
Fast Food Secrets Exposed: The Shocking Zone Diet Picks That'll Change Everything You Knew About McDonald's, Burger King, Starbucks and Dunkin' 
Mediterranean Diet Meets Fast Food? ‘Surprising Picks’ from McDonald’s, Burger King, Starbucks, and Dunkin’ Unveiled 
Walmart Shocks the Nation by Scrapping DEI Initiatives—‘Is Diversity No Longer a Priority?’ Critics Ask 
Amazon's $4 Billion Anthropic Deal Supercharges AI Race Against Microsoft and Google 
Starbucks announces Molly Liu as the new co-CEO for its China division. Partnering with current CEO, Belinda Wong, Liu's promotion emphasizes a leadership duo focused on the brand's next chapter in China, following her impactful tenure in digital ventures.
Liu and Wong's main task is to boost Starbucks' growth in the country. They will aim to reach 9,000 store outlets by the year 2025. According to Reuters, the new co-CEO's promotion is set to take effect on Oct. 2.
As for Wong, she has been the company's chief since May 2011. She will now co-manage and lead Starbucks' business in the region with Liu.
The newly-appointed co-CEO first joined Starbucks in 2012, and before her latest promotion, she has been serving as Starbucks China's vice president of digital ventures since 2016. In 2021, her role expanded, and the chief operating officer title was added to her portfolio.
As VP of digital ventures at Starbucks China, Liu has been credited as the key figure in the country's accelerated brand expansion. Under her watch, China has become the company's second-largest market after opening and running about 6,500 stores with digital ordering service features.
"Molly is a strong leader who has been instrumental in elevating the Starbucks Experience for our Chinese customers and driving industry-leading innovation for our China business," Starbucks' chief executive officer, Laxman Narasimhan, said in a press release. "There remains tremendous opportunity for Starbucks in China, and I'm confident that together, Belinda and Molly, will lead Starbucks through our next chapter while living our Mission and Values."
On her promotion, Liu said she feels honored to be tasked with co-leading Starbucks China. She added, "Belinda and I have worked together for over a decade and I'm excited to be partnering with her in this role as we continue to deepen the moments of human connection with our Chinese customers."
Photo by: Athar Khan/Unsplash
