Starbucks announced Tuesday that it sold control of its stores in China to Boyu Capital for $4 billion. Starbucks will keep ...

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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 ...

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In a significant shift, Starbucks has agreed to sell a substantial portion of its Chinese business to Boyu Capital for a ...