By Megan Cheah

Starbucks is assessing bids from five parties for its China business as it seeks a partner to navigate the country's competitive coffee landscape.

"We've had very strong interest from multiple, high-quality partners all of whom share our confidence in the long-term growth potential of Starbucks in China," said a Starbucks spokesperson.

The spokesperson said that five bidders had provided bids, and the company was in the process of evaluating them.

The company estimates the value of the deal to be over $10 billion, including royalties, the upfront investment by a potential partner, and Starbucks's retained stake in the China business.

The news was first reported by the Financial Times.

The Seattle-based beverages giant is facing intense competition in China, one of its main markets, with local chains such as Luckin Coffee opening more stores, offering cheaper drinks and easy-to-use mobile apps.

At the same time, more U.S.-based companies have been seeking to exit or pare their exposure to China as trade tensions rise between the world's two largest economies.

Write to Megan Cheah at megan.cheah@wsj.com

(END) Dow Jones Newswires

October 16, 2025 21:54 ET (01:54 GMT)

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