BRIEF: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
		    	U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…		    
		    
		China’s prepackaged coffee drink market enters new era of quality
		    	The country’s ready-to-drink coffee market has grown rapidly in recent years, transforming from a simple pick-me-up product into a lifestyle statement    LeadLeo Research Institute China’s ready-to-drink (RTD) packaged coffee…		    
		    
		Three years after launching Chinese coffee war, Cotti runs low on steam
		    	The country’s second-largest domestic coffee chain has become relatively quiet over the last year, after boasting of plans to open 50,000 stores by the end of this year Key Takeaways:…		    
		    
		INDUSTRY BRIEF: Starbucks considers selling China business
		    	Starbucks Corp. (SBUX.US) is considering selling its China business, shifting from a previous plan to sell a stake in the operation to one or more partners, financial media Caixin reported…		    
		    
		Starbucks seeks a China partner, and vaping looks to diversify
		    	Starbucks sends invitations for buying part of its China operations. And vaping companies are scrambling to diversify production.		    
		    
		BRIEF: Luckin returns to same-store sales growth in first quarter
		    	Luckin Coffee Inc. (LKNCY.US) said on Tuesday its revenue rose 41.2% year-on-year to 8.87 billion yuan ($1.22 billion) in the first quarter of 2025, as it returned to profitability and…		    
		    
		A Bagel success story, and a Red Bull slayer
		    	Tim Hortons is tasting some new success in China with a bagel formula. Will this mark the start of a turnaround for the struggling chain? And a Red Bull killer named Eastroc has filed to list in Hong Kong. What’s the secret to its success, and will it attract investors to its story?