Mubadala Investment Company, Abu Dhabi's sovereign wealth fund, has agreed to acquire a significant minority stake in Luckin Coffee for roughly USD 1 billion. The deal is being done alongside Centurium Capital, the chain's controlling shareholder, whose 22.08% holding stays unchanged. Completion is subject to customary closing conditions.
Luckin is China's largest coffee-shop operator. As of 30 June 2026 it counted 36,310 stores, 23,734 of them company-run and 12,576 under its partnership model, and it opened its 30,000th location back in February. Second-quarter revenue climbed 28.5% year on year to RMB 15.9 billion (about USD 2.34 billion), with an average of 112.7 million monthly transacting customers. Outside China the brand trades in Singapore, Malaysia and the United States.
The fresh capital is earmarked for growth and heavy production investment: the company is building roasting capacity of more than 155,000 tonnes a year and has committed to buying 240,000 tonnes of Brazilian green coffee over five years. A Mubadala representative described Luckin as a technology-driven business with data woven into customer engagement, product development and store operations alike.
Source: Daily Coffee News