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Investing a million to join Starbucks? Starbucks China: Rumor
On April 21, it was rumored online that Starbucks China’s stores have officially shifted from a fully company-operated model to franchising, with detailed franchise policies fully implemented by 2026, initially opening in 9 provinces and 41 cities, with individual store investments in the millions. In response, Starbucks China stated: Rumor, the news is false. It is understood that in November 2025, Starbucks announced a strategic partnership with Boyu Capital to establish a joint venture. On the evening of April 2, 2026, Starbucks disclosed that its joint venture deal with Boyu Capital had been officially completed, and the joint venture company took over approximately 8,000 Starbucks China company-operated stores. With the transaction officially completed, Starbucks China will enter the operational phase of the joint venture, focusing on store expansion, innovative development, and providing high-quality coffee and a warm Starbucks experience for customers across China. (Beijing News)