咖啡大战生变：瑞幸大股东或竞购星巴克中国股权丨消费参考

Group 1: Starbucks China Stake Sale - Starbucks is progressing with the sale of its China business, having received multiple acquisition proposals, with most investors aiming for a controlling stake [1] - The company is likely to retain 30% of its stake, with the remaining shares distributed among several buyers, each holding less than 30% [1] - The estimated valuation of Starbucks' China business is approximately $9 billion (around 64.6 billion RMB) [1] Group 2: Luckin Coffee's Growth - Luckin Coffee reported a 41.2% year-on-year revenue growth in Q1, reaching 8.87 billion RMB, with self-operated store revenue growing by 42.2% [2] - As of the end of March, Luckin had a total of 24,097 stores [2] - Starbucks China reported a revenue of $739.7 million (approximately 5.32 billion RMB) in the same period, with a year-on-year growth of 5% [2] Group 3: Competitive Landscape - Starbucks is implementing price promotions, reducing prices on several products by an average of around 5 RMB [2] - The competitive dynamics suggest that Luckin Coffee may benefit from collaboration and differentiated competition with Starbucks to maintain growth and potentially improve profit margins [2] - Currently, the negotiation power appears to remain with Starbucks [2]