Boyu Capital is buying a 60% stake in Starbucks China, backing Alibaba and Meituan—highlighting its growing influence in retail and private equity.
Starbucks will sell a 60% stake in its China operations to Boyu Capital for $4 billion, aiming to expand from 8,000 to over 20,000 stores. The deal provides Starbucks with capital and local expertise amid declining sales and rising local competition.