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Starbucks has shortlisted firms like JD, Tencent, and KKR for a potential stake sale or partnership in its China business, per Bloomberg. The deal could be partial or full. China is Starbucks' second-largest market, but it faces stiff competition from Luckin and Cotti. Retail sentiment on Stocktwits is 'extremely bullish' despite YTD stock dip.
short by / 01:23 pm on 01 Aug
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