Starbucks clarifies that it is currently not considering a complete sale of its China business.

Starbucks has stated that it is currently not considering a complete sale of its business in China, refuting a report from Caixin that caused its stock price to rise in late trading. The company said in a statement, "We have a world-class team and a strong brand in China. We see huge long-term potential in this market and are evaluating the best way to seize future growth opportunities."