Svmuu News Starbucks Corporation announced that the previously announced joint venture between Starbucks and Boyu Capital has been officially completed, marking a significant step in Starbucks' long-term strategy for achieving sustainable, self-disciplined growth in China. According to the agreement terms, the joint venture currently operates approximately 8,000 Starbucks directly operated coffee shops, which will gradually transition to a franchise model. The shared long-term goal of both parties is to ultimately expand the store count to 20,000. (The Paper)