Starbucks sells its second-largest business

Starbucks partners with Boyu Capital for a $4 billion deal in China, aiming to enhance customer experience, accelerate innovation, and expand into new cities. This strategic move comes as Starbucks faces challenges in the U.S. and increasing competition from Chinese coffee chains like Luckin Coffee. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.