Ge Long Hui A P P·2025-10-29 02:25Core Viewpoint - Starbucks is in the process of seeking a partner for its China business, with private equity firm Boyu Capital emerging as the leading bidder, potentially valuing the business at over $4 billion [1] Group 1: Bidding Process - Boyu Capital's bid has outperformed other private equity firms, including Carlyle Group, in the competition to acquire a controlling stake in Starbucks' China operations [1] - The valuation of Starbucks' China business in this transaction could exceed $4 billion [1] Group 2: Negotiation Timeline - Starbucks and Boyu may require several months to negotiate terms and finalize the agreement, although a definitive agreement is not guaranteed [1] Group 3: Participation of Other Firms - Other companies, including internet firms, may participate as limited partners to help co-finance the transaction [1] - Starbucks has received strong interest from multiple high-quality partners who recognize the long-term growth potential of the brand in the Chinese market [1] Group 4: Current Status - Starbucks is currently evaluating five bidding proposals but has not confirmed whether Boyu is in a leading position [1]