It all felt like a dream. For months, Chinese consumers were flooded with deals that seemed impossible: "zero-dollar" milk tea delivered to your door, coffee for pennies, and dinners at a fraction of their cost. This was the reality of an intense, near-hundred-billion-CNY subsidy war waged by China&
In this case, we examine the strategic joint venture between Starbucks and Boyu Capital, where Starbucks sold a 60% controlling interest in its Chinese retail operations. While the deal is based on a USD $4 billion enterprise value, Starbucks disclosed a total business valuation exceeding USD $13 billion by including
In the landscape of global luxury hospitality, Songtsam stands apart. It is not merely a hotel chain but a pioneering case study in the profound integration of cultural preservation, sustainable business, and high-end hospitality. Where many brands offer fleeting escapes, Songtsam has built an entire ecosystem dedicated to providing a