Starbucks to sell control of China business to Boyu
Photo taken on Nov. 4, 2025, shows a Starbucks outlet in Beijing. The U.S. coffee chain said recently it will establish a joint company with Boyu Capital in Shanghai by selling 60 percent of its operations in China to the Chinese firm amid intensifying competition with local discount coffee chains.
- Product Code
- ILEA004874235
- Registered date
- 2025/11/04 00:00:00
- Credit
- Kyodo / Kyodo News Images
- Media source
- 2025 Kyodo News
- Media size
- 2645 × 3968 pixel
- Deployment size
- 1.49(MB)*
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