Starbucks is preparing to sell a 60% stake in its Chinese division to Hong Kong-based Boyu Capital in a $4 billion deal as it continues its business transformation.
Tagged By import
CNBC’s The China Connection newsletter: Rumblings of a crypto race
Fresh off meeting Chinese President Xi Jinping, U.S. President Donald Trump is talking about keeping the U.S. ahead of China in the world of digital assets.
Trump Just Issued A ‘Very Big’ China Warning As Crypto Braces For A Major $100,000 Bitcoin Price Crash
The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto, but its rally has stalled in recent months despite …
Hong Kong Exchange posts record profit as IPO boom lifts Chinese asset demand
Hong Kong’s stock exchange saw record Q3 profits as IPOs and trading surged, reflecting renewed investor interest in Chinese assets.
Starbucks once seemed unstoppable in China. Its US owner is now giving up control
Nearly three decades ago, Starbucks opened its first outlet in China with much fanfare. But its American owners are now relinquishing control as it faces a myriad of challenges in an increasingly …
Chinese EV maker Seres taps Hong Kong IPO after 1,600% mainland rally
Chinese electric vehicle company Seres will begin trading in Hong Kong on Wednesday, following a massive public share sale that raised HK$14.3 billion, or $1.8 billion, according to Bloomberg. The …
Starbucks’ China retreat shows how global brands must rethink their playbook
Under the agreement, Starbucks and Boyu will form a joint venture, with Boyu holding up to 60 per cent of the coffee chain’s retail operations in China.
China’s Export Control Taskforce Adds Most Headcount Since 2022
China’s Commerce Ministry is on its biggest public hiring spree this decade, bolstering the unit overseeing rare-earth curbs even as it pauses sweeping measures in a trade truce with the US.
Starbucks sells its second-largest business
Starbucks China will maintain its Shanghai headquarters and continue to own and operate its existing 8,000 stores, with plans to expand to as many as 20,000 locations over time.
China kicks off programme to import more foreign goods
SHANGHAI: China on Tuesday (Nov 4) launched a programme to encourage its citizens to buy more imports, as Beijing pushes a long-term plan to turn the country into a major consumer nation.Premier Li Qi …
JD uses blockchain to increase traceability of its supply chain
China’s e-commerce giant JD.com is building a traceability system with its 30-plus brand owners on its open blockchain platform, said Yang Haiming, chief architect of JD CTO system, at an IDC CXO …
Donald Trump Says China ‘Is Getting Big Into Crypto Right Now’—But Is That True?
President Donald Trump said he wants to ensure the United States remains the world leader in crypto, warning that China is trying to seize control of the industry.
Starbucks ducks for cover amid China’s coffee wars
Foreign companies can no longer rely on brand prestige alone in sectors in which Chinese rivals undercut prices …
ADVERTISEMENT
