Starbucks is reported to have started the process of selling a portion of its massive Chinese business.

According to sources familiar with the matter, Starbucks is considering various options for its business in China, including the possibility of selling shares, and has already been in contact with private equity firms, technology companies, and other corporations. The sources say that the coffee chain sent letters to several potential investors this week through a financial advisor, seeking their opinions on its China business and how to develop it. The sources requested anonymity because the process is confidential. They also mentioned that the valuation of these assets in this potential deal could reach several billion dollars.