# Boyu Capital

A Bitter Brew: Starbucks Sells Control of China Operations to Fuel a 20,000-Store Gambit

Starbucks is pivoting to a minority-stake model in China by selling 60% of its business to Boyu Capital in a bid to reach 20,000 stores. This shift reflects a desperate need for local agility as domestic rivals like Luckin Coffee continue to erode Starbucks' market share through aggressive pricing and rapid expansion.