Boyu in Starbucks China partnership talks with Tencent and GIC

Boyu Capital is successful talks to bring successful Tencent, Singapore’s GIC and perchance different investors arsenic constricted partners successful its planned concern successful Starbucks’ China business, arsenic reported by Bloomberg.

The US java concatenation precocious agreed to merchantability a bulk involvement successful its China retail operations to Boyu for $4bn.

The transaction involves the instauration of a associated task successful which the backstage equity institution would ain up to 60% of Starbucks’ retail concern successful the country.

Starbucks volition clasp a 40% involvement and volition proceed to ain and licence the marque and intelligence spot to the caller venture.

The China business, headquartered successful Shanghai, is the company’s second-largest marketplace with astir 8,000 outlets.

Starbucks has outlined a people of astir 20,000 stores successful the country.

Boyu volition absorption connected expanding the java concatenation beyond large municipality centres, with an oculus connected smaller cities to enactment aboriginal growth.

It besides aims to research further locations successful high-traffic areas specified arsenic tourer destinations, metro systems and airports.

Discussions connected the imaginable information of different parties are ongoing and could inactive autumn through.

Boyu was 1 of 5 shortlisted bidders selected by Starbucks successful September 2025 for the merchantability of the China stake.

Boyu did not supply a effect to enquiries, and spokespersons for Starbucks, GIC and Tencent besides refused to comment.

Other planetary user brands too Starbucks are seeking section backing to fortify their position.

Restaurant Brands International precocious agreed to divest a controlling involvement successful Burger King’s China operations to plus manager CPE, portion Goldman Sachs secured exclusive negotiating rights for the acquisition of Burger King’s concern successful Japan.

"Boyu successful Starbucks China concern talks with Tencent and GIC" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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