Starbucks is taking steps to revitalize its operations in China, its second-largest market, by exploring the sale of a stake in its China business. CFO Rachel Ruggeri and senior executives are expected to visit China in the coming weeks to engage in discussions with potential investors. Notable bidders include KKR, Meituan, and China Resources Group, as Starbucks aims to secure a strategic partner or initiate franchise cooperation. The company has been facing challenges in growing sales in the Chinese market, prompting this strategic move to enhance its presence and operational efficiency.