November 4, 2025, 10:49November 4, 2025, 10:49
Café franchise Starbucks is selling a majority stake in its China business to investment firm Boyu Capital for $4 billion.
After the USA, China is the second most important country for the coffee chain’s sales.Image: keystone
60 percent of a new joint venture that will operate around 8,000 Starbucks cafes in China will go to Boyu Capital, as the Seattle company announced on Monday. Starbucks holds the remaining 40 percent as well as the trademark rights.
Starbucks has been present in China for 26 years and the country is now the second most important market behind the United States. Recently, however, local competitors such as Luckin have been increasingly challenging Starbucks for market share with lower prices.
Boyu Capital will now help expand into smaller cities and new regions in China. The number of locations is expected to increase to 20,000. (sda/awp/afp)
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