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Production of bean sprouts using the toxin 6-Benzylaminopurine (6-BAP) has led to criminal proceedings in Lao Cai, authorities said, after police uncovered a facility supplying toxic sprouts to wholesale markets. On April 4, Lao Cai Provincial Police announced the indictment of Chu Thi Hoa (born 1990, from Phu Tho) for…
Starbucks has completed the sale of a controlling stake in its China business to Boyu Capital, setting up plans to expand the number of stores in the market. On April 2, the company said it finished transferring control of its China operations to Boyu Capital.
Under the agreement, Starbucks and Boyu Capital will form a new joint venture. Boyu Capital will hold 60% of the equity, while Starbucks will retain the remainder.
Starbucks will continue to license the Starbucks brand and will own the intellectual property for the joint venture.
China Daily reported that the joint venture is valued at about $4 billion, excluding cash and debt. Based on that valuation, Boyu Capital would purchase the corresponding stake.
The transaction comes as Starbucks continues to post growth in China. In its most recent quarterly report ending December 28, 2025, Starbucks reported net revenue of $823 million, up 11% year over year. The company said this was its fifth consecutive quarter of growth in China, the world’s second-largest market after the United States.
Starbucks’ China business has benefited from broader market expansion and rising competition. The company’s history in China dates back about two decades, when it helped build coffee culture in a country long dominated by tea.
Statista data cited in the article shows that per-capita coffee consumption in China reached more than 16 cups per person in 2024. While that remains below the global average, it is more than double the level from five years earlier.
Despite the momentum, the article notes that the current pace of growth may not be sufficient for Starbucks to maintain its position as the market develops and competition intensifies. The deal also includes ambitious plans to add 12,000 more stores.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
