https://www.fdiforum.net/mag/featured/starbucks-forms-4bn-joint-venture-with-boyu-capital-to-expand-china-retail-operations/
Nov 4, 2025 - Starbucks Coffee Company has confirmed a new joint venture with private equity firm Boyu Capital to manage its retail operations in China, valued at...
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https://www.businesstimes.com.sg/international/global/starbucks-eyes-boyu-capital-frontrunner-china-business-revival-sources?ref=article-see-also
Boyu is the likeliest buyer for a controlling stake of the business after outbidding other private equity firms
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