Global Finance News
03 Apr 2026, 11:23
Starbucks announced the completion of its joint venture with Boyu Capital, marking a key step in its long-term expansion strategy in China.
Under the agreement, funds managed by Boyu Capital hold a 60% stake in Starbucks’ China retail operations, while Starbucks retains 40% ownership and continues to control the brand and intellectual property. The joint venture will oversee approximately 8,000 stores, with plans to expand to up to 20,000 locations over time.
The partnership is designed to accelerate growth through greater local market expertise, enhanced customer experience, and a more efficient operating model. Starbucks emphasized that China remains one of its most important growth markets globally.
With the deal now finalized, both companies will focus on expanding store presence, strengthening localization, and driving long-term profitability in the Chinese market.
Business Wire
Under the agreement, funds managed by Boyu Capital hold a 60% stake in Starbucks’ China retail operations, while Starbucks retains 40% ownership and continues to control the brand and intellectual property. The joint venture will oversee approximately 8,000 stores, with plans to expand to up to 20,000 locations over time.
The partnership is designed to accelerate growth through greater local market expertise, enhanced customer experience, and a more efficient operating model. Starbucks emphasized that China remains one of its most important growth markets globally.
With the deal now finalized, both companies will focus on expanding store presence, strengthening localization, and driving long-term profitability in the Chinese market.
Business Wire