Starbucks Hands China to Boyu: Inside the $4B Shake‑Up Running 8,000 Stores – and Aiming for 20,000
The deal in detail Starbucks Coffee Company announced a joint venture with Boyu Capital to run Starbucks’ retail operations across mainland China, marking a pivotal strategic shift in the company’s second‑largest market. Under the agreement, Boyu will hold up to 60% of