{"id":93386,"date":"2025-11-05T08:12:31","date_gmt":"2025-11-05T08:12:31","guid":{"rendered":"https:\/\/tv.guardian.ng\/?p=93386"},"modified":"2025-11-05T08:12:31","modified_gmt":"2025-11-05T08:12:31","slug":"starbucks-sells-majority-stake-in-china-business-amid-competition-from-local-rivals","status":"publish","type":"post","link":"https:\/\/guardian.ng\/tv\/starbucks-sells-majority-stake-in-china-business-amid-competition-from-local-rivals\/","title":{"rendered":"Starbucks sells majority stake in China business amid competition from local rivals"},"content":{"rendered":"<div class=\"dailymotion-player\"><script src=\"https:\/\/geo.dailymotion.com\/player\/x1ee8e.js\" data-video=\"k2Kkr2TEw4euORE93dO\"><\/script><\/div><br><br><p>\nUS 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&#8217;s local business. China is Starbucks&#8217; 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&#8217;s blockbuster $38 billion deal with Amazon&#8217;s cloud services unit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;s local business. China is Starbucks&#8217; second-largest market globally and it has recently been struggling with increased competition from local rivals like Luckin Coffee. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":93387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gam_disable_ads":false,"footnotes":""},"categories":[1077],"tags":[39081,5117,39082,26436],"class_list":["post-93386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-china-business","tag-competition","tag-local-rivals","tag-starbucks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Starbucks sells majority stake in China business amid competition from local rivals - GuardianTV<\/title>\n<meta name=\"description\" content=\"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&#039;s local business. 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