Starbucks rises on CNBC report China business attracts bids for up to $10 billion valuation

Shares of Starbucks SBUX.O up 1.3% at $96.18 premarket

Co's China business has attracted offers for a potential stake sale, valuing unit at up to $10 billion, CNBC reported on Wednesday

Report says Asia-based private equity firms Centurium Capital, Hillhouse Capital and U.S. peers Carlyle Group CG.O, KKR KKR.N are among contenders seeking stake

Starbucks may retain a 30% stake, with rest split among a group of buyers, each holding less than 30%, report adds

Co has been exploring options for the unit, including strategic partnerships, joint ventures, for about a year

Up to last close, stock has risen 4% YTD