Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

More World

Over 50% of Americans say climate change is a serious threat; only 10% think their compatriots feel the same

That perception gap on the issue is among the highest in the world, per a new Gallup poll.

Youth Climate Strikes Break Out Across The U.S.

Reddit’s advertising business is getting bigger. It’s already booming.

The platform will plow more money into its ad offerings as it cements itself as a “trove of human intelligence.”

Tom Jones6/22/26

Tom Jones

plane pain

6/22/26

45% of Americans say they’re not taking a summer vacation this year, mostly due to costs

Flight comparison site Skyscanner is recommending some cheaper alternatives closer to home.

Bored annoyed man looking funny and angry during his summer staycations

Tom Jones

6/17/26

Despite slight declines, Japanese tourism figures are still hovering around record highs

Tourism: Still big in Japan.

Aerial view of Tokyo cityscape with Fuji mountain in Japan.

Millie Giles6/12/26

Solar generated more power than coal for the first time in US history

At the same time that the Trump administration is pushing further toward coal power, announcing plans only last week to invest almost $700 million into reviving the industry, a key renewable energy source has just hit a major milestone in the US.

New data from energy think tank Ember, released Wednesday, shows that solar supplied 12.8% of US energy generation in May — marking not only the highest share ever recorded for the clean energy source, but also the first time that solar has generated more monthly energy than coal in the US, which supplied 12.2%.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.