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Anniek Bao@in/anniek-bao-460a48107/@anniekbyx

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Key Points

  • Bids for Starbucks China have valued it at up to $10 billion, three people familiar with the deal process told CNBC.
  • Starbucks is in the process of evaluating the offers, deal structure proposals and post-sale value creation pitches from bidders.
  • “We remain committed to China and want to retain a meaningful stake in the business. Any deal must make sense for Starbucks business and partners,” Starbucks spokesperson said.