Meet the investor buying 60% of Starbucks' China business in a $4 billion deal

Starbucks has sold 60% of its China business to Boyu Capital.

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• Starbucks is selling 60% of its China business to Boyu Capital, a China-focused private equity firm.
• Boyu Capital backs retail heavyweights Alibaba Group and Meituan.
• The sale comes as Starbucks is struggling to turn around its China business.

Starbucks' China business is getting a big jolt with a new majority owner.

The Seattle-based coffee chain announced on Monday...