Starbucks Coffee Co announced on Tuesday that it has sold a majority stake in its China business to Boyu Capital, a leading Chinese investment firm, forming a joint venture that will operate Starbucks' retail operations in the country. The move marks a major step in the coffee chain's next phase of growth in its fastest-expanding market. 週二，星巴克咖啡公司宣布，已將其中國業務的大部分股權出售給中國領先投資機構博裕資本，雙方將成立一家合資企業，運營星巴克在中國的零售業務。此舉標志著這家咖啡連鎖企業在其增長最快的市場中，邁出了下一階段發展的重要一步。 Under the agreement, Boyu Capital will acquire up to a 60 percent stake in Starbucks' China retail operations based on a cash-free, debt-free enterprise value of about $4 billion, while the US coffee chain will retain a 40 percent stake. Starbucks will continue to own and license its brand and intellectual property to the new entity.Starbucks estimates the total value of its China retail business will exceed $13 billion, reflecting procee...