Feng Huang Wang·2025-08-01 05:51Core Insights - Starbucks is in the process of selecting investors for its China operations, with around 12 companies advancing to the second round, including private equity firms and tech companies [1] - The selected companies will have access to Starbucks' financial statements for evaluation and future bidding [1] - Starbucks aims to leverage new capital and local operational expertise to expand its store footprint in China, enhance its supply chain, and optimize its mobile platform and brand strategy for Chinese consumers [1] Group 1 - Starbucks CEO Brian Niccol stated that the search for partners in China is not primarily for funding, but to ensure better brand development in the future [1] - The number of Starbucks stores in China is projected to increase from approximately 7,800 to 20,000 [1] - Over 20 potential investors have shown interest in Starbucks' China business, with the company aiming to retain a significant equity stake [1] Group 2 - China is Starbucks' second-largest market, but the company has fallen behind local competitors like Luckin Coffee, which has achieved rapid growth through lower-priced products and frequent updates [2] - As of the report, Starbucks, Fountain Capital, KKR, Hillhouse Capital, and Springhill Capital declined to comment, while Tencent, JD.com, Boyu Capital, and Carlyle Group have not responded to requests for comments [2]