Starbucks Coffee to form a joint venture with Boyu Capital.

Starbucks Coffee, a multinational chain of coffeehouses and roastery reserves, agreed to form a joint venture with Boyu Capital, an alternative investment firm. Financial terms were not disclosed. “Boyu’s deep local knowledge and expertise will help accelerate our growth in China, especially as we expand into smaller cities and new regions. We’ve found a partner who shares our commitment to a great partner experience and world class customer service. Together we will write the next chapter of Starbucks storied history in China,” Brian Niccol, Starbucks Coffee Company Chairman and CEO.