Starbucks mulls selling China stake valued up to $10 billion
Starbucks is reviewing bids for a controlling stake in its China business, which could be valued at up to $10 billion, according to Bloomberg and CNBC. While the company initially sought a minority partner, strong investor interest may lead to a larger deal. Starbucks aims to revive global growth amid rising local competition and slowing consumer demand. Retail sentiment stays bullish.