Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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Charting six major trends to keep watching in 2026

We’ve made a lot of charts this year — here are some of the biggest trends of 2025 and where we think they might go in the 12 months ahead. And no, it’s not just about AI.

David Crowther, Millie Giles, Tom Jones, Hyunsoo Rim, Claire Yubin Oh12/19/25

Hyunsoo Rim

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This year was peak coal, as global consumption is set to decline through 2030, per new report

Falling demand in China, the US, and EU could offset growth in India.

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TAXLIATELLE

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Italian pasta could cost twice as much in the US under new tariffs

New tariffs could take import duties to 107% on Italian noodles.

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Tom Jones

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OPEC and others are boosting oil production as the race to catch up with the US goes on

This month’s 137,000-barrel-a-day boost is a little more modest than some expected.

Millie Giles

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China, the world’s largest carbon polluter, has pledged to cut emissions for the first time

President Xi Jinping has announced that China is aiming to slash carbon emissions by up to 10% in the next decade.

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