Starbucks to sell control of China business to private equity. Here’s how much the stake is worth.

Starbucks Corp. is selling a majority stake in its China business to a Chinese private-equity firm, saying the $4 billion deal underscores its commitment to long-term growth in the country.

Starbucks

SBUX said it was forming a joint venture with Boyu Capital, with Boyu holding 60% interest in the company’s retail operations in China. Starbucks will retain the other 40% and continue to own and license the Starbucks brand and intellectual property in the new entity.