China business attracted bids valuing it at up to $10 billion as multiple investment firms, including Centurium Capital, Hillhouse Capital, Carlyle Group, and KKR & Co., compete to acquire a stake.

Starbucks' China business has attracted offers for a potential stake sale, valuing the coffee chain unit at up to $10 billion, CNBC reported on Wednesday, citing people familiar with the matter. Asia-based private equity firms Centurium Capital and Hillhouse Capital as well as U.

O n Thursday morning, Chloe Chan rode her scooter a couple blocks up from the home she was catsitting at in Manhattan to pick up her first iced coconut latte from Luckin Coffee. As a consumer of Chinese media, Chan knew how popular the coffee was in China, so a first taste was a no-brainer for her.