Starbucks Forms $4 Billion Joint Venture with Boyu Capital to Accelerate Growth in Chinese Market

Nov 04, 2025 08:41 am CST

Starbucks has announced a strategic $4 billion joint venture with Boyu Capital, selling a 60% stake in its China operations while maintaining brand ownership. The partnership aims to accelerate expansion to 20,000 stores across China, addressing recent competitive challenges and leveraging Boyu's local expertise to enhance growth in smaller cities and new regions.