China business attracted bids valuing it at up to $10 billion as multiple investment firms, including Centurium Capital, Hillhouse Capital, Carlyle Group, and KKR & Co., compete to acquire a stake.

Starbucks' China business has attracted offers for a potential stake sale, valuing the coffee chain unit at up to $10 billion, CNBC reported on Wednesday, citing people familiar with the matter. Asia-based private equity firms Centurium Capital and Hillhouse Capital as well as U.

Starbucks considers partial sale of China business amid falling market share and rising local competition, with valuation pegged at up to $10 billion.