Starbucks (SBUX.US) has asked bidders for its Chinese business to submit non-binding offers within two weeks.

According to the Zhitong Finance APP, it has been reported that Starbucks (SBUX.US) has requested potential bidders to submit non-binding offers for its Chinese business equity within two weeks. Sources revealed that the company has invited several companies including Carlyle, Yunfeng, Hillhouse, and Chunhua Capital to participate in a management meeting, where they will be provided with detailed financial and operational details of its business in China. Other potential bidders include Tencent, KKR, and Bain Capital.