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Musk recalls Chinese officials once demanding Tesla form a joint venture with a Chinese company

11.06 ·Reported ·Importance II ·Sources 1 ·United States

On November 6, at the Baron Investment Conference, Musk recalled Tesla's efforts to build a wholly-owned factory in China, stating that Chinese officials shouted at him to his face, demanding that Tesla must form a joint venture with a Chinese company. Eventually, China amended its foreign equity ratio policy to allow for wholly-owned factories.

ChinaSelect Mocks Starbucks Cover to Protest Its Stores in Xinjiang

10.16 ·Verified ·Importance III ·Sources 1

According to a post by the X account ChinaSelect, Adweek magazine is featuring Starbucks as its cover story this month, and the account therefore mocked and updated the magazine's cover to protest Starbucks' decision to open stores in Xinjiang, where the Chinese Communist Party is carrying out genocide against the Uyghurs.

Starbucks Completes Deal, 60% of China Retail Business Held by Boyu Capital

2026.04 ·Reported ·Importance III ·Sources 1 ·China

In April 2026, Starbucks completed a transaction with Boyu Capital, with 60% of the equity in its China retail business held by funds managed by Boyu, while Starbucks retains 40%. According to Reuters, Boyu's co-founders include a grandson of Jiang Zemin.

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