Mubadala to take stake in China’s Luckin Coffee in $1bn deal
Abu Dhabi sovereign wealth fund Mubadala Investment Company has said it will make a significant minority investment in Chinese coffee chain Luckin Coffee alongside its controlling shareholder Centurium Capital, in a deal worth about $1 billion. The companies did not disclose how much Mubadala is investing, the size of the stake it will acquire or the valuation of Luckin implied by the…
Abu Dhabi's Mubadala Investment Company announced plans to invest a significant minority stake in Chinese coffee chain Luckin Coffee in a deal valued at around $1 billion. The investment is being made alongside Centurium Capital, Luckin's controlling shareholder, and the specific amount Mubadala is investing was not disclosed. Mubadala's CEO Mohamed Albadr stated that the company sees promising long-term opportunities in China's consumer sector, where demand for freshly brewed coffee continues to rise.
The transaction is contingent on customary closing conditions. Both Mubadala and Centurium Capital believe that their combined expertise and networks will support Luckin Coffee's growth and innovation. Founded in 2017, Luckin Coffee has become China's largest coffee chain, operating over 36,000 stores and serving more than 500 million customers globally.
The coffee market in China is projected to reach $5.36 billion by 2033, with a compound annual growth rate of 6.4% from 2026 to 2033. Mubadala is expanding its investments across Asia, including China's consumer, technology, and healthcare sectors, as part of its global investment strategy.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Mubadala to take stake in China’s Luckin Coffee in $1bn deal thenationalnews.com
- Mubadala takes minority stake in Luckin Coffee thearabianpost.com
