American coffee chain Starbucks has announced that it is forming a joint venture with asset management firm Boiu Capital in China, where the latter will have a 60 percent stake in the company’s local operations. China is Starbucks’ second largest market globally and has recently struggled with increased competition from local rivals such as Luckin Coffee. Also in this edition, we look at OpenAI’s blockbuster $38 billion deal with Amazon’s cloud services unit.
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