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February 7, 2012

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Venture brew

STARBUCKS yesterday officially signed a deal with a local coffee-growing and -processing business to set up a joint venture in southwest China's Yunnan Province.

Starbucks will partner with Ai Ni Group in the joint venture, but the US company will be in charge of the joint venture's operations, the two companies said at the deal signing ceremony in Kunming, the provincial capital.

 

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