财联社·2025-11-10 13:47Group 1 - CPE Yuanfeng announced a strategic partnership with Burger King to establish a joint venture named "Burger King China" with an initial investment of $350 million to support restaurant expansion, marketing, menu innovation, and operational improvements [1] - The joint venture will have a 20-year master development agreement granting exclusive rights to develop the Burger King brand in China, with CPE Yuanfeng holding approximately 83% of the equity and Restaurant Brands International retaining about 17% [1] - The plan aims to expand the number of Burger King stores in China from approximately 1,250 to over 4,000 by 2035, while achieving sustainable same-store growth [2] Group 2 - Starbucks announced the sale of the majority stake in its China operations to Boyu Capital, forming a joint venture where Boyu will hold up to 60% of the retail business, while Starbucks retains 40% and continues to own the brand and intellectual property [2] - The acquisition by Boyu Capital is based on an enterprise value of approximately $4 billion, excluding cash and debt [2]