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Express News | Starbucks is reportedly considering options for its business trade in China.
Is starbucks (SBUX.US) also considering "slimming down"? Rumored to be considering selling part of its shares in China.
According to sources, starbucks (SBUX.US) is exploring various options for its business in china, including the possibility of selling a portion of its equity.
Is starbucks considering selling shares of its business in china? The truth is...
①Insiders say that selling shares of Starbucks China may attract the interest of many companies and investors. ②Starbucks former CEO Howard Schultz first proposed exploring strategic partnerships in China. ③The new CEO stated at the latest earnings conference that he is currently spending time getting a deeper understanding of business operations and market competition in China.
U.S. stock market anomaly | Starbucks rose more than 1%, news said it is discussing developing its business in China with consultants.
November 21st, GeLongHui | Starbucks (SBUX.US) rose more than 1%, closing at $99.29. There are reports that Starbucks is discussing with advisors on how to develop its business in China, including selling part of the business and introducing local partners. In response, a global spokesperson for Starbucks said: "We are wholeheartedly committed to the business in China, our partners (employees), and the long-term development in the Chinese market. As mentioned during the fourth quarter earnings conference call, the company is taking time to gain a deeper understanding of our business operations and the market competition environment in China." (GeLongHui)
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