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Starbucks Sells Majority of China Business in $4 Billion Shock Deal
Starbucks has sold a majority stake in its China operations to Boyu Capital in a $4 billion deal, handing control of its fastest-growing market to a local firm. The move marks a major strategic shift as Starbucks bets on Chinese-led expansion amid rising competition from Luckin Coffee and regulatory pressure.
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Published on 1 month, 3 weeks ago