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A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
Starbucks sells majority stake in China business amid competition from local rivals
Business
5 minutes 39 seconds
1 week ago
Starbucks sells majority stake in China business amid competition from local rivals
US coffee chain Starbucks has announced it is forming a joint venture with asset management firm Boyu Capital in China, where the latter will hold a 60 percent stake in the company's local business. China is Starbucks' second-largest market globally and it has recently been struggling with increased competition from local rivals like Luckin Coffee. Also in this edition, we look at OpenAI's blockbuster $38 billion deal with Amazon's cloud services unit.
Business
A daily update on the latest business and economic news. Live from Monday to Thursday at 9:15am and 6:45pm Paris time.
