Starbucks Sells China Business for $4 Billion

US coffee chain Starbucks has announced the sale of a controlling stake in its China operations to Hong Kong's Boyu Capital. The deal is worth around $4 billion.

Starbucks announced on Monday that it will sell a controlling stake in its retail operations in China to Hong Kong-based investment company Boyu Capital. The deal is valued at approximately $4 billion. This decision marks a significant step in the company's strategy for the Chinese market.

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2025-11-04T04:09:18+00:00

Oil Demand Growth in China Slows Due to Clean Energy Shift

Total Energies CEO stated that since 2020, oil demand growth in China has slowed due to its shift to clean energy, but he is optimistic about the future due to rising demand in India.

Economy Country

2025-11-04T00:19:45+00:00

China's President Calls for Building New Era Relations with Japan

Chinese President Xi Jinping, in a meeting with Japanese PM Sanae Takaichi, stated China's readiness to build constructive bilateral relations. He emphasized the importance of political agreements and economic cooperation.

Politics Economy Country

2025-11-03T22:10:01+00:00

China Cancels VAT Exemption on Gold Purchases

Chinese authorities have announced the full removal of the VAT exemption on gold purchases. This decision will affect investors and consumers, leading to an increase in the price of the precious metal.