Starbucks (SBUX) has proposals from prospective investors in its China business, possibly for a controlling stake, Bloomberg reported Tuesday, citing people familiar with the matter.

The company is analyzing proposals and shortlisting a group of potential investors for the next round of bidding, the report said.

Starbucks sees "significant long-term potential in China" and wants toretain a "meaningful stake in the business," Bloomberg reported, citing a statement.

Starbucks didn't immediately respond to a request for comment by MT Newswires.

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