Exhibit 99.1 Starbucks and Boyu Announce Joint Venture for the Next Chapter of Growth in China Iconic global brand coupled with deep local knowledge and expertise will help grow Starbucks into new cities and regions across China while continuing to deliver a premium customer experience and lead in coffee Seattle, WA - November 3, 2025 - Starbucks Coffee Company (Nasdag: SBUX) today announced it has entered an agreement to form a joint venture with Boyu Capital, a leading alternative investment firm to opera ...

Core Insights - Starbucks has announced a strategic partnership with Boyu Capital to establish a joint venture for its retail operations in China, with Boyu holding up to 60% equity and Starbucks retaining 40% [1] - The enterprise value of the joint venture is approximately $4 billion, excluding cash and debt, and Starbucks expects the total value of its retail business in China to exceed $13 billion [1] - The joint venture aims to expand Starbucks' store count in China from 8,000 to 20,000 in the future [1] Company Strategy - The joint venture will be headquartered in Shanghai and will manage the existing Starbucks stores across China [1] - Starbucks CEO Brian Niccol emphasized that Boyu's local market expertise will accelerate Starbucks' expansion, particularly in smaller cities and emerging regions [1] - The partnership aims to enhance customer experience and employee engagement while driving growth in the Chinese market [1] Market Potential - Boyu Capital recognizes the strong brand image Starbucks has built over 26 years in China and sees opportunities for more innovative and localized experiences for Chinese consumers [1] - Starbucks' current healthy growth momentum in China is expected to be further enhanced by this collaboration, which will also create broader career development opportunities for its employees [1] - The partnership reflects Starbucks' commitment to a new phase of development in the Chinese market [1]

Group 1 - The CEO of Delta Air Lines, Ed Bastian, stated that the impact of the U.S. government shutdown on the company's operations is "minimal," with daily losses of less than $1 million [1] - A more significant concern is the shortage of airport security personnel, with Bastian emphasizing the importance of the Transportation Security Administration (TSA) ensuring adequate staffing at checkpoints [1] - Approximately 13,000 air traffic controllers and about 50,000 TSA employees are required to work without pay during the government shutdown, missing their first full paycheck on Tuesday [1] Group 2 - Delta Air Lines is currently in a dispute with the U.S. government regarding a nearly nine-year joint venture with Aeromexico, which the U.S. Department of Transportation has ordered to terminate by January 1 due to competitive concerns [1] - Bastian opposed the dissolution of the joint venture, asserting that it is not the correct strategy and that the company must protect its long-term interests [1] - The joint venture has created synergies for both airlines by coordinating flight schedules, pricing, and capacity between the U.S. and Mexico [1]

Core Viewpoint - Intel has been in discussions with TSMC regarding potential investment or partnership opportunities, but TSMC has denied any current talks about joint ventures or technology transfers [1][1][1] Group 1: Intel's Engagement with TSMC - Intel has reportedly reached out to TSMC to discuss investment in production or partnership matters [1] - TSMC's Chairman and CEO, C.C. Wei, reiterated that the company has not engaged in discussions with any other firms regarding joint ventures, technology licensing, or technology transfers [1] - There have been multiple market rumors about a potential joint venture between TSMC and Intel, but TSMC has consistently denied these claims [1] Group 2: Intel's Recent Investments - Intel has recently secured investments from the U.S. government, SoftBank, and NVIDIA, indicating strong financial backing for its initiatives [1]

Core Viewpoint - The article emphasizes the importance of timely and professional information analysis in investment decision-making, particularly focusing on significant events, industry chain companies, and key policy interpretations [1]. Group 1: Company Insights - The company has established a joint venture with overseas giants in the diesel generator sector, indicating a strategic move to enhance its market presence [1]. - The company has previously participated in major data center projects for Tencent, Baidu, and Alibaba, showcasing its experience and capability in handling large-scale projects [1]. - The diesel generators produced by the company are widely utilized in data centers and communication sectors, highlighting their relevance in critical infrastructure [1]. Group 2: Industry Trends - The article points out the growing demand for diesel generators in the data center market, driven by the expansion of digital infrastructure globally [1]. - The collaboration with international partners suggests a trend towards consolidation and cooperation in the energy and data center industries, which may lead to increased efficiency and innovation [1].

Core Viewpoint - The United States and Japan are establishing a joint venture in Alaska, focusing on a liquefied natural gas agreement [1] Group 1 - The joint venture signifies a strengthening of energy collaboration between the U.S. and Japan [1] - The agreement on liquefied natural gas is expected to enhance energy security for both nations [1]

Core Viewpoint - The potential extension of the TikTok sale deadline by President Trump indicates uncertainty regarding the completion of the transaction before the April 5 deadline, with a possibility of a 90-day extension if evidence of progress is shown [1][2]. Group 1 - President Trump expressed interest in extending the TikTok sale deadline, suggesting that the transaction may not be completed by the original deadline [1]. - The legal framework allows Trump to extend the deadline by a maximum of 90 days, contingent upon evidence that ByteDance is actively pursuing a sale [2]. - Trump has proposed the idea of a joint venture where the U.S. would hold 50% of TikTok through a sovereign wealth fund [2]. Group 2 - The imposition of additional tariffs on Chinese goods by Trump could affect China's willingness to approve the potential sale of TikTok [2]. - In response to U.S. tariffs, China has implemented countermeasures, including export controls on 15 American companies [3].