06:47 AM EDT, 07/09/2025 (MT Newswires) -- Starbucks ( SBUX ) China has attracted offers from nearly 30 private equity firms with valuations ranging from $5 billion to $10 billion, CNBC reported Wednesday, citing people familiar with the matter.

The coffee chain is evaluating proposals and may shortlist bidders within two months, the report said.

Starbucks ( SBUX ) could retain a stake of around 30% while distributing the remainder among multiple investors, CNBC reported.

Starbucks ( SBUX ) has faced weakening demand and increased competition in China, where its market share fell to 14% last year from 34% in 2019, CNBC said, citing data from market research provider Euromonitor International.

Starbucks ( SBUX ) did not immediately respond to MT Newswires request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)