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STARBUCKS Corp. plans to increase its global tea business to US$3 billion over the next five years as it started selling its new line of tea drinks Kolton Miller Jersey , known as Teavana, across the Asia Pacific region yesterday following the products’ entry in China last week.

China is Starbucks’ fastest-growing market and the Seattle-based coffee chain is opening 500 stores a year in the world’s most populous nation, aiming for a total of 3,400 stores by 2019.

The company is looking to China for growth momentum, honing in on China’s 63.2 billion yuan (US$9.5 billion) tea fixation, which is almost 10 times bigger than the country’s coffee market. Starbucks’ new tea products may also align with Chinese consumer’s growing demand for products aimed at promoting healthy lifestyles.

“The health trend is growing strongly across Asia Reggie Nelson Jersey , and as with most things, uptake of new trends in China tends to be faster than the rest of the world,” said Matthew Crabbe, Mintel Group Ltd.’s head of Asia-Pacific research. “There is a strong tea identity in Asia and it also chimes well with the particularly Asian view of healthcare as being centered around prevention, rather than cure. Because of this, tea-based products are likely to see strong growth.”

Starbucks acquired Teavana Amari Cooper Jersey , a line of teas and tea houses, in 2012, and says the drinks have done well in its U.S stores. American consumers seeking out healthier food and drink options have propelled its tea business to grow 12 percent last year, with best-seller iced tea growing at 29 percent.

In China, the much larger market for tea drinkers is growing at about 6 percent, roughly the same pace as coffee. For Asia Jared Cook Jersey , where tea-drinking is a well-developed habit, Starbucks had to invent tea drinks in bolder and more sophisticated combinations to catch consumers’ eyes.

“With the rich tea culture here, we couldn’t have beverages that are expected or common, or we could not give consumers that feeling of premiumization and of being different,” Vera Wang, the company’s director for product line innovation in China and Asia Pacific Derek Carr Jersey , said yesterday.

For Asia, its offerings include black tea with ruby grapefruit and honey and green tea with aloe and prickly pear, relatively more complex recipes compared to U.S bestsellers like mango black tea and peach green tea.

Starbucks new tea line chases China’s $9.5b market

Starbucks may already be late to the game, with growth in China’s tea market slowing to 5.8 percent last year, after steadily decelerating from an 18 percent growth rate in 2010, according to data from Euromonitor International.

“Tea is Custom Oakland Raiders Jerseys , of course, a mature market in Asia,” said Crabbe. “It’s been around for thousands of years and we saw how rapidly bubble tea took off among teen consumers across Asia several years ago. But as those younger consumers get older, they will trade to something more sophisticated, which is where Teavana could fit in.”(SD-Agencies)

Tencent Holdings and Samsung Electronics Co are racing to be crowned Asia's most valuable company as expectations for robust earnings growth push their share prices to record highs.

Their surge - both have gained by a third this year - has made them the world's best performing large cap tech stocks and highlights how these nimble Asian firms are thriving while rivals Apple Inc and Alibaba Group Holding have struggled.

"These companies can grow earnings despite weaker global growth," said Andrew Gillan Throwback Oakland Raiders Jerseys , head of Asia ex-Japan equities at fund managing firm Henderson Global Investors, which is overweight on Asian technology firms.

"The operating fundamentals of the Chinese Internet sector particularly have surprised positively in the most recent quarterly results," Gillan noted.

While many investors remain upbeat about Samsung and Tencent, some caution the firms are vulnerable to rapid swings in sentiment on any sign of slowing momentum. Samsung and Tencent have been more volatile than the Asia tech sector and the broader market this year.

On Wednesday, Samsung said sales of its latest flagship smartphone were outstripping supply, but second-half profits could still take a hit if production shortfalls are not fixed and a recovery in components demand fails to eventuate.

Moody's Investor Service also warned that Samsung's profit margins might narrow in the second half because of seasonal factors in the consumer electronics business and competitive pressures.

For Tencent Authentic Oakland Raiders Jerseys , the market expectations that are driving shares higher are themselves a risk, according to Nomura.

A faster-than-expected slowdown in personal computer game revenue, aggressive spending and new products or business models from competitors could weigh on earnings, the bank warned.

The numbers

Samsung and Tencent have added about $30 billion in market value since August 25, surging to all-time highs. Tencent is valued at $249 billion, only 4 percent smaller than the most valuable Asian firm Oakland Raiders Jerseys For Sale , China Mobile, at $259 billion. Samsung is now worth $239 billion.

Tencent is now the world's 12th biggest company by market value and Samsung the 17th largest one, Thomson Reuters data shows.

That's up from No.26 and No.33 respectively just five months ago, according to a PricewaterhouseCoopers ranking released on March 31.

Samsung shares' have significantly outperformed Apple's - the South Korean firm has leapt 50 percent over the past year, while the US company has gained 3 percent amid concern about weak sales in China.

The gap between Samsung's price-to-earnings ratio of 12.4 and Apple's 12.7 is now the narrowest since late 2011, although Samsung is still worth less than half Apple Cheap Oakland Raiders Jerseys , according to Thomson Reuters data. Apple is now worth $586 billion.

Samsung's share price growth spurt comes after years of struggle in its smartphone business which left investors impatient for higher returns.

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