Ge Long Hui A P P·2025-11-19 04:20Core Viewpoint - Starbucks has agreed to sell the majority stake of its China business to private equity firm Boyu Capital, which is considering bringing in Tencent, GIC, and other potential investors as limited partners for the acquisition [1] Group 1: Transaction Details - Boyu Capital has agreed to acquire up to 60% of Starbucks' China business, with an enterprise value of approximately $4 billion, structured as a cashless and debt-free transaction [1] - Negotiations are still ongoing, and there is no guarantee that a final agreement will be reached [1] Group 2: Growth Strategy - Boyu Capital plans to drive growth by expanding Starbucks' presence in smaller cities [1] - The firm also intends to open more stores in high-traffic locations such as tourist attractions, subway stations, and airports [1]