<ul data-eligibleForWebStory="false"><li>Starbucks is considering selling a stake in its China business with bids valuing it up to $10 billion.</li><li>China is Starbucks' largest market outside the US, accounting for over 8% of its global revenue.</li><li>The deal could help Starbucks raise capital for expansion and compete against local brands like Luckin Coffee.</li><li>Nearly 30 firms have placed bids, with Starbucks aiming to retain a 'meaningful stake' in the business.</li><li>The article qualifies for web story generation.</li></ul>

Starbucks China stake sale draws bids valuing business up to $10 billion

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