Starbucks to sell control of China business to private equity. Here's how much the stake is worth.

Core Viewpoint - The U.S. coffee-shop chain is entering a joint venture with Boyu Capital, with Boyu acquiring a 60% stake in the company's retail operations in China, while Starbucks retains a 40% interest [1] Group 1 - The joint venture aims to enhance Starbucks' presence and operational efficiency in the Chinese market [1] - Boyu Capital's significant stake indicates a strategic partnership that may leverage local market expertise [1] - Starbucks will continue to manage its brand and operations in China despite the reduced ownership percentage [1]