Abu Dhabi’s sovereign fund Mubadala announced on September 10 that it is acquiring a minority stake in Luckin Coffee, China’s largest coffee chain, in a transaction valued at roughly $1 billion. Centurium Capital, the shareholder that has controlled Luckin since 2022, is co-investing alongside Mubadala. The exact percentage and the amount invested by each party were not disclosed, and completion is subject to customary closing conditions.
The numbers explain the investors’ interest: Luckin ended 2025 with 31,048 stores after opening more than 8,700 in a single year, and had reached 36,310 units by June 30, 2026. Second-quarter revenue rose 28.5% to RMB 15.9 billion ($2.34 billion), with 112.7 million average monthly transacting customers.
The company, founded in 2017, went through an accounting scandal in 2020 and was delisted from Nasdaq, but recovered and expanded into Singapore, Malaysia and, since 2025, New York. Mubadala’s representative described Luckin as a “differentiated, technology-enabled” business.
Discover the coffee selection available at Mister Tabaco.
Source: Daily Coffee News