Starbucks Corporation (SBUX.US) China business attracts multiple bidders, with a valuation reaching as high as $10 billion USD.

According to media reports citing informed sources, Starbucks Corporation's (SBUX.US) China business has attracted potential offers for a stake sale, with the business valued at up to $10 billion. The reports stated that Asian private equity firms Hillhouse Capital Group, Hillhouse Capital, as well as U.S. private equity firms Carlyle Group Inc (CG.US) and KKR (KKR.US) are all bidding for Starbucks Corporation's China business. It is reported that Starbucks Corporation may retain a 30% stake in the China business, while the remaining shares will be held by multiple buyers, each with a stake of less than 30%. The list of bidders may narrow down within two months, but the entire transaction is expected to be difficult to complete by the end of this year. As early as the end of 2024, there were rumors in the industry that Starbucks Corporation's China business could be acquired. The reports stated that Starbucks Corporation is exploring various options for its China business, including the possibility of selling a portion of the business's stake, and mentioned that the company has informally evaluated the interest of several Chinese potential investors, including local private equity firms. At the end of June, Starbucks Corporation responded by stating that they have not yet considered a full sale of their China business, but are evaluating the best way to seize future growth opportunities. Starbucks Corporation stated that they firmly believe in the enormous growth opportunities in the Chinese market and will continue to focus on revitalizing growth in their China business.