Starbucks' (SBUX.US) business in China attracts multiple bids, with a valuation of up to $10 billion.

According to the financial news app, it has been reported by media outlets quoting sources familiar with the matter that Starbucks' Chinese business has attracted potential offers for equity sale, with the business valued at up to $10 billion. Reports suggest that Asian private equity firms such as Primavera Capital Group and Hillhouse Capital, as well as US private equity firms Carlyle Group and KKR, are all bidding for Starbucks' Chinese business.