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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.

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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.

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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.

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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.

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Luckin Coffee Store

SHANGHAI, CHINA - MARCH 18, 2025 - A luckin coffee chain is seen in Shanghai, China on March 18, 2025.

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Luckin Coffee Store

SHANGHAI, CHINA - MARCH 18, 2025 - A luckin coffee chain is seen in Shanghai, China on March 18, 2025.

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Luckin Coffee Store

SHANGHAI, CHINA - MARCH 18, 2025 - A luckin coffee chain is seen in Shanghai, China on March 18, 2025.

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Luckin Coffee Store

SHANGHAI, CHINA - MARCH 18, 2025 - A luckin coffee chain is seen in Shanghai, China on March 18, 2025.

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Yunnan Coffee Plantation - China

He Shasha (L), owner of a shop selling coffee products produced in the Qiao'an coffee plantation, introduces a product to a customer at her shop in a coffee theme street in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

Staff member Lai Yijun packs roasted coffee beans at the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

Farmers pick fresh coffee fruit at the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

Staff member Lai Yijun (L) instructs a visitor to make pour-over coffee at the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

Tourists take a walk at the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

A farmer flips fresh coffee fruit at the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province, on October 30, 2024. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Yunnan Coffee Plantation - China

An aerial drone photo taken on Oct. 30, 2024 shows a view of the Qiao'an coffee plantation in the Dai-Lahu-Va Autonomous County of Menglian, Pu'er City of southwest China's Yunnan Province. Pu'er City is the largest coffee-producing area in China. Through the layout of the whole industrial chain, coffee plantations play a significant role and inject new vitality into the high-quality development of local coffee industry. Photo by Chen Xinbo/Xinhua/ABACAPRESS.COM

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Luckin Coffee Stores Exceeded 20,000

YANBIAN, CHINA - JULY 16, 2024 - A Luckin coffee shop is seen in Yanbian, Jilin province, China, July 16, 2024. On July 19, 2024, Luckin officially opened its 20,000th store, becoming the coffee chain brand with the largest number of stores in China.

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Luckin Coffee Stores Exceeded 20,000

YANBIAN, CHINA - JULY 16, 2024 - Luckin coffee is seen in a customer's hand in Yanbian, Jilin province, China, July 16, 2024. On July 19, 2024, Luckin officially opened its 20,000th store, becoming the coffee chain brand with the largest number of stores in China.

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Luckin Coffee Stores Exceeded 20,000

YANBIAN, CHINA - JULY 16, 2024 - Customers line up at a Luckin coffee shop in Yanbian, Jilin province, China, July 16, 2024. On July 19, 2024, Luckin officially opened its 20,000th store, becoming the coffee chain brand with the largest number of stores in China.

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Manner Coffee

SHANGHAI, CHINA - JULY 3, 2024 - Chinese chain coffee brand Manner coffee Expo Garden store in Shanghai, China, July 3, 2024.

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Manner Coffee

SHANGHAI, CHINA - JULY 3, 2024 - Chinese chain coffee brand Manner coffee Expo Garden store in Shanghai, China, July 3, 2024.

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Manner Coffee

SHANGHAI, CHINA - JULY 3, 2024 - Chinese chain coffee brand Manner coffee Expo Garden store in Shanghai, China, July 3, 2024.

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Manner Coffee

SHANGHAI, CHINA - JULY 3, 2024 - Chinese chain coffee brand Manner coffee Expo Garden store in Shanghai, China, July 3, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Starbucks chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Luckin chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Luckin chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Luckin chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Starbucks chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Overtakes Starbucks in China

SHANGHAI, CHINA - FEBRUARY 24, 2024 - A Starbucks chain store is seen in Shanghai, China, February 24, 2024.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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Luckin Coffee Overtook Starbucks in China in Revenue

HANGZHOU, CHINA - FEBRUARY 25, 2024 - Photo taken on Feb 25, 2024 shows a nearby Luckin Coffee and Starbucks store in Hangzhou, East China's Zhejiang province. Recently, Luckin Coffee announced 2023 annual financial report, Luckin Coffee 2023 total net income of 24.903 billion yuan (about 3.46 billion US dollars), an increase of 87.3%, in the annual sales scale for the first time exceeded Starbucks China 22.739 billion yuan (3.16 billion US dollars). Thus becoming the largest coffee chain in the Chinese market.

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- People visit the booth of Starbucks at the China International Supply Chain Expo (CISCE) in Beijing, capital of China, Nov. 28, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Ren Chao)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A staff member works at the Starbucks Reserve Roastery in east China's Shanghai, Nov. 24, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Wang Xiang)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- Customers chat at a Starbucks store featuring local intangible cultural heritage elements in Beijing, capital of China, Nov. 27, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Ren Chao)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- Customers look at a production line for packing coffee beans at the Starbucks Reserve Roastery in east China's Shanghai, Nov. 24, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Wang Xiang)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- This photo taken on Nov. 24, 2023 shows the Starbucks Reserve Roastery in east China's Shanghai. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Wang Xiang)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- Staff members perform cup testing on raw coffee beans at a Starbucks Farmer Support Center in Pu'er, southwest China's Yunnan Province, Nov. 28, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Hu Chao)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A staff member shows samples of raw and roasted coffee beans at the Starbucks Reserve Roastery in east China's Shanghai, Nov. 24, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Wang Xiang)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A visitor learns about coffee products at the booth of Starbucks in the China International Supply Chain Expo (CISCE) in Beijing, capital of China, Nov. 28, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Ren Chao)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A staff member arranges coffee bean products on shelves at the Starbucks China Coffee Innovation Park in Kunshan, east China's Jiangsu Province, Sept. 18, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Liu Wenhui)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A barista brews coffee at the Starbucks China Coffee Innovation Park in Kunshan, east China's Jiangsu Province, Sept. 19, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Ji Chunpeng)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- A barista brews coffee at the Starbucks Beijing Xitieying Wanda signing store in Beijing, capital of China, Nov. 23, 2023. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Liu Mengqi)

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CHINA-STARBUCKS-COFFEE INDUSTRIAL CHAIN (CN)

(231201) -- BEIJING, Dec. 1, 2023 (Xinhua) -- This aerial photo taken on Sept. 19, 2023 shows the Starbucks China Coffee Innovation Park in Kunshan, east China's Jiangsu Province. At the ongoing China International Supply Chain Expo (CISCE), U.S. coffee giant Starbucks has attracted great attention through its coffee industrial chain and products. Starbucks entered the Chinese mainland in 1999 and now operates more than 6,800 stores in over 250 cities in China. In 2012, a Starbucks Farmer Support Center was set up in Pu'er of Yunnan Province, the first of its kind in Asia, to further bolster the local coffee farming community. In 2017, Starbucks opened a Roastery location in Shanghai, its second after the one in Seattle in Washington state on the U.S. west Pacific. This September, Starbucks opened a new coffee innovation park in Kunshan of Jiangsu Province, the company's largest manufacturing and distribution investment outside the United States. (Xinhua/Ji Chunpeng)

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A Starbucks Chain in Yichang

YICHANG, CHINA - NOVEMBER 3, 2023 - A Starbucks coffee chain in Yichang, Hubei Province, China, Nov 3, 2023. On November 3, according to Starbucks' annual financial report for the fiscal year 2023 (October 2022 - September 2023), the company's comprehensive net income for the full fiscal year increased by 12% to $36 billion during the reporting period. In China, the number of stores increased by 13% to 6,806.

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A Starbucks Chain in Yichang

YICHANG, CHINA - NOVEMBER 3, 2023 - A Starbucks coffee chain in Yichang, Hubei Province, China, Nov 3, 2023. On November 3, according to Starbucks' annual financial report for the fiscal year 2023 (October 2022 - September 2023), the company's comprehensive net income for the full fiscal year increased by 12% to $36 billion during the reporting period. In China, the number of stores increased by 13% to 6,806.

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A Starbucks Chain in Yichang

YICHANG, CHINA - NOVEMBER 3, 2023 - A Starbucks coffee chain in Yichang, Hubei Province, China, Nov 3, 2023. On November 3, according to Starbucks' annual financial report for the fiscal year 2023 (October 2022 - September 2023), the company's comprehensive net income for the full fiscal year increased by 12% to $36 billion during the reporting period. In China, the number of stores increased by 13% to 6,806.

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A Starbucks Chain in Yichang

YICHANG, CHINA - NOVEMBER 3, 2023 - A Starbucks coffee chain in Yichang, Hubei Province, China, Nov 3, 2023. On November 3, according to Starbucks' annual financial report for the fiscal year 2023 (October 2022 - September 2023), the company's comprehensive net income for the full fiscal year increased by 12% to $36 billion during the reporting period. In China, the number of stores increased by 13% to 6,806.