Starbucks reportedly received bids on its China business, valuing the company around $10B. 💰☕️

Potential Acquisition & Valuation - Starbucks China business is valued at approximately $10 billion [1] - Starbucks intends to retain a majority stake, around 30% [1][2] - Potential buyers would hold less than 30% stake [2] Competitive Landscape - Centurium Capital, a potential contender, is a majority shareholder of Luckin Coffee, Starbucks' top rival in China [1][2] - Starbucks China has approximately 8,000 stores [4] - Luckin Coffee has more than 20,000 stores in China [4] Strategic Considerations - Starbucks is seeking a strategic partner with aligned values and remains committed to China [3] - Starbucks has struggled to compete with Luckin Coffee and Yum China's low-price model and rapid innovation [3]