Starbucks' China retail operations, running about 8,000 coffee stores across the country.
| Date | Round | Amount |
|---|---|---|
| Nov 2025 | Acquired by Boyu Capital Boyu Capital agreed to acquire up to 60% of Starbucks' China retail business in a joint venture deal valuing the operations at about $4 billion, with Starbucks retaining 40% and brand ownership. | — |