Starbucks sells majority stake in China business amid competition from local rivals
Update: 2025-11-04
Description
US coffee chain Starbucks has announced it is forming a joint venture with asset management firm Boyu Capital in China, where the latter will hold a 60 percent stake in the company's local business. China is Starbucks' second-largest market globally and it has recently been struggling with increased competition from local rivals like Luckin Coffee. Also in this edition, we look at OpenAI's blockbuster $38 billion deal with Amazon's cloud services unit.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
