Starbucks boosts its stake in 'greater China' market

DOW JONES/THE ASSOCIATED PRESS

TAIPEI, Taiwan -- Starbucks Corp. said yesterday it had increased its stakes in its Taiwan and Shanghai joint ventures to 50 percent from 5 percent, indicating a deepening commitment to the greater China market.

The coffee retailer's Starbucks Coffee International Inc. unit paid Taiwan-based Uni-President Group $21.3 million to become an equal partner in their Shanghai joint venture.

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