04 Nov 2025 | 5 Mins Read
Starbucks sells majority of China operations to Boyu Capital
Flipitmoney
Starbucks agreed to sell a majority 60% stake in its China business to Boyu Capital for $4 billion, retaining a 40% stake. This move aims to improve Starbucks' business in China, where it has approximately 8,000 stores. Boyu Capital will license the Starbucks brand and intellectual property for the joint venture. The deal is part of Starbucks' plan to grow its China business to over 20,000 stores.