21世纪经济报道·2025-07-11 03:56Core Viewpoint - Starbucks is progressing with the sale of its stake in the Chinese market, receiving multiple acquisition proposals primarily targeting controlling stakes, while aiming to retain a 30% ownership to maintain operational control [1][4]. Group 1: Starbucks' Business in China - Starbucks has received acquisition proposals for its Chinese operations, with a reasonable valuation of approximately $9 billion (around 64.6 billion RMB) [1]. - The company has emphasized that it is not considering a complete sale of its Chinese business [1]. - As of the latest report, Starbucks' revenue in China was $739.7 million (approximately 5.317 billion RMB), showing a year-on-year growth of 5% [2]. Group 2: Competitive Landscape - Luckin Coffee, backed by its major shareholder, Dazhong Capital, is also in the bidding for Starbucks' Chinese business, indicating a competitive landscape with over 30 bidders [1]. - Luckin Coffee reported a revenue increase of 41.2% year-on-year to 8.87 billion RMB in the first quarter, with self-operated store revenue growing by 42.2% [2]. - Starbucks is currently implementing price reductions on several product categories, which may help Luckin Coffee in maintaining growth and improving profit margins through differentiated competition [3].