Summary: Starbucks is forming a $4 billion joint venture with Boyu Capital to operate its China business, with Boyu holding up to a 60% stake. The deal, expected to close in Q2 2026, aims to capitalize on China’s market potential despite recent sales challenges due to the pandemic and competition from local brands like Luckin Coffee.

Link: https://www.cnbc.com/2025/11/03/starbucks-boyu-capital-china.html