joint venture
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.
White House Promises US-Controlled TikTok Algorithm
Sep 23, 2025 07:36 am CST
The White House on Monday said a US version of TikTok would feature a homegrown model of the app's prized algorithm, potentially clearing one of the main obstacles to keeping the Chinese-owned platform online in the United States.
TikTok US To Hold Copy Of Algorithm, Secured By Oracle: White House
Sep 23, 2025 12:10 am CST
Tech giant Oracle is set to provide security for a US version of TikTok's algorithm, the White House said Monday, under a deal for the sale of the Chinese-owned app's American operations.