Starbucks to sell control of China business to Boyu

Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains. (Photo by Kyodo News via Getty Images)
Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains. (Photo by Kyodo News via Getty Images)
Starbucks to sell control of China business to Boyu
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2244553605
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4. November 2025
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Starbucks to sell control of China business to Boyu
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