Starbucks Seeks Partner in China

Starbucks is exploring options for its operations in China, including a potential stake sale. The company has reportedly begun discussions with private equity and tech firms, with the process possibly reaching a multibillion-dollar valuation.

The move comes as #Starbucks faces increasing pressure in China due to macroeconomic uncertainties and growing competition from local brands. Companies like Luckin Coffee and Cotti Coffee have emerged as strong domestic contenders in the Chinese market.

Source: Dünya Gazetesi