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November 5, 2025

Starbucks sells 60% stake in China business in $4B deal

By DEE-ANN DURBIN
AP Business Writer

Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China.

Under the agreement, Boyu will acquire a 60% interest in Starbucks' retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own and license the Starbucks brand.


 
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