Starbucks to sell 60% of China business to Boyu Capital in $4 billion deal

Core Insights - Starbucks is selling a 60% stake in its China operations to Boyu Capital for $4 billion, indicating a strategic shift to address local competition and market challenges [1] Group 1: Transaction Details - The deal involves a valuation of $4 billion for the 60% stake in Starbucks' China operations [1] - Boyu Capital, a private equity firm, will take a significant role in managing Starbucks' business in China [1] Group 2: Strategic Implications - This move is part of a broader strategy by Starbucks to navigate intense local competition in the Chinese market [1] - The partnership with Boyu Capital is expected to enhance operational efficiency and market positioning in China [1]