Who's selling? Starbucks and other US companies trimming China exposure

Core Insights - Starbucks is selling a majority stake in its China business to Boyu Capital for a deal valued at $4 billion, marking a significant strategic shift for the company [1] Company Summary - The transaction comes approximately one year after CEO Brian Niccol took over the leadership of Starbucks, indicating a potential change in strategic direction under his management [1]