Boyu Capital is discussing bringing Tencent and Singapore’s GIC on board as investors in its $4bn deal to acquire a majority stake in Starbucks’ China business. The joint venture would give Boyu up to 60% ownership of Starbucks’ Chinese retail operations. Starbucks aims to grow from 8,000 to 20,000 stores in China.

Boyu Capital is looking to expand Starbucks’ presence beyond major cities, focusing on smaller urban areas and high-traffic locations like tourist spots and airports. Talks with potential partners are ongoing, including Tencent and GIC. Boyu was shortlisted by Starbucks in 2025 for the China stake sale. Other international brands are also seeking local partnerships for growth, like Burger King in China and Japan.

In the fast-paced world of international business deals, Boyu Capital’s potential partnership with Tencent and GIC for Starbucks’ China venture is a strategic move. The coffee giant’s expansion plans in China, coupled with Boyu’s focus on growth in untapped markets, could reshape the competitive landscape. Stay tuned for updates on this high-stakes collaboration.

Read more at Yahoo Finance: Boyu in Starbucks China partnership talks with Tencent and GIC