Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks' ... ( read original story ...)
8th CIIE to kick off in Shanghai with enhanced media experience
The 8th China International Import Expo is set to take place in Shanghai from Wednesday through Monday, with the media center, aiming to enhance the reporting experience for domestic and international ... ( read original story ...)
Starbucks to Sell 60% of Its China Business to a Private Equity Firm
In a deal valued at $4 billion, Boyu Capital will acquire a stake in the coffee giant’s 8,000 stores in China. ( read original story ...)
Starbucks to sell majority stake in China business
The coffee giant entered China more than a quarter of a century ago but has faced tough competition in recent years. ( read original story ...)
Premier Li Qiang to highlight US-China pact at world’s largest trade fair CIIE
Li Qiang’s plan to visit booths of American companies aims to send strong signal that China is open for global business, sources say. ( read original story ...)
How Shanghai leverages arts and events to fuel tourism and power economic growth
Relaxed visa rules, arts and cultural events, alongside landmark tourist destinations, have become new drivers for Shanghai's economy as a surge in inbound travellers bolsters retail sales. The ... ( read original story ...)
Shanghai’s cross-border e-commerce pilot zone gains from CIIE’s spillover effect
Capitalizing on CIIE's spillover effect, Baihe town in Shanghai's Qingpu district has established a Hongqiao "cross-border e-commerce + industrial belt" pilot zone, which features streamlined business ... ( read original story ...)