Teavana Holdings, Inc.

Starbucks plans to double stores in China in 5 years

Starbucks is pushing ahead with its expansion into mainland China, saying Wednesday it's on track to have 5,000 stores by 2021, more than doubling the number of its coffee shops in the country.

The Seattle-based coffee chain is looking to China to fuel its growth. It's grown rapidly since opening its first Chinese store in 1999, though famously suffered a misstep nearly a decade ago when protests over a shop inside the Forbidden City led to it being closed. Starbucks CEO Howard Schultz has said China could one day surpass the U.S. as the chain's largest market. There are about 13,000 Starbucks stores in the United States.

Among chain coffee shops, Starbucks had a 74...