2 1 Shi Ji Jing Ji Bao Dao·2025-09-12 04:24Group 1 - Starbucks is in the process of selling its controlling stake in its China business, with final bids expected by early October from firms including Carlyle, Hillhouse, Sequoia China, and Boyu Capital [2] - The CEO of Starbucks, Brian Niccol, indicated that the company is looking for suitable partners to expand its presence in China, aiming to open 20,000 to 30,000 stores in the future [2] - Starbucks intends to retain control over its coffee roasting facilities in China to maintain quality, while the specifics of the share sale are still negotiable [2] Group 2 - Luckin Coffee has significantly outperformed Starbucks in China, with a 47.1% year-on-year revenue growth in Q2, reaching 12.36 billion yuan, while Starbucks only saw an 8% increase to 7.9 billion yuan [3] - In Q2, Luckin's same-store sales grew by 13.4%, driven primarily by an increase in cup volume, contrasting with Starbucks' same-store sales growth of only 2% [3] - The competitive landscape in China is prompting domestic capital to pursue Starbucks, as there are still many localized growth opportunities for the company [3]