Group 1 - The core point of the article is the strategic partnership between Starbucks and Boyu Capital, where Boyu will acquire up to 60% equity in a joint venture to operate Starbucks' retail business in China, valuing the enterprise at approximately $4 billion [1][2] - Starbucks retains 40% equity in the joint venture and will continue to own and license its brand and intellectual property to the new entity [1] - The total value of Starbucks' retail business in China is expected to exceed $13 billion, which includes the value from the equity transfer to Boyu, the retained equity value, and ongoing licensing revenue over the next decade or longer [1] Group 2 - This strategic collaboration marks a new chapter for Starbucks in the Chinese market after 26 years, combining Starbucks' global brand influence and coffee expertise with Boyu's deep understanding of Chinese consumers [2] - The joint venture will be headquartered in Shanghai and will manage the current 8,000 Starbucks stores in China, with plans to expand the store count to 20,000 in the future [2] - Boyu Capital is an alternative asset management company with a strong presence in the Chinese market, operating offices in Hong Kong, Beijing, Shanghai, and Singapore [2]
星巴克中国高价易主