Core Insights - Starbucks reported a year-on-year increase in revenue and same-store sales in its China operations for Q3 of fiscal year 2025, with a total of 7,828 stores by the end of the quarter, including 70 new openings and entry into 17 new county-level markets [1] Group 1: Financial Performance - The company achieved revenue growth for three consecutive quarters and a year-on-year increase in same-store sales [1] - Profit margins continued to grow quarter-on-quarter [1] Group 2: Strategic Initiatives - Innovations in "sugar-free" beverages and new customization options have increased customer purchase frequency [1] - Price adjustments for non-coffee products have broadened the customer base and enhanced consumption during lunch and evening periods [1] Group 3: Market Confidence and Partnerships - The company is evaluating over 20 potential strategic partners with a strong willingness to collaborate, indicating confidence in the future growth potential of the Chinese market [1] - Starbucks aims to retain a significant equity stake in its China operations, reflecting its commitment to the market [1] - The strong interest from potential partners demonstrates trust in Starbucks' capable team, strong brand, and long-term growth opportunities in China [1]