Mubadala takes minority stake in Luckin Coffee in $1 billion deal

Abu Dhabi investor takes a significant minority stake alongside Centurium Capital

Last updated:
Nivetha Dayanand, Assistant Business Editor
Mubadala takes minority stake in Luckin Coffee in $1 billion deal
Mubadala

Dubai: Mubadala Investment Company has agreed to make a significant minority investment in Luckin Coffee alongside Centurium Capital in a transaction valued at about $1 billion.

The deal gives the Abu Dhabi-based investor exposure to one of China’s largest coffee platforms at a time when more consumers are drinking freshly brewed coffee and existing customers are consuming it more frequently.

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Luckin Coffee, founded in 2017, operates more than 36,000 stores globally and had close to 500 million cumulative transacting customers as of June 30, 2026.

Building on our longstanding partnership with Centurium, we look forward to working alongside Luckin Coffee’s management team to support the Company’s next phase of growth in China and internationally.
Mohamed Albadr, Head of Asia, Private Equity at Mubadala

Luckin Coffee operates more than 36,000 stores

Luckin Coffee has built its business around a technology-driven retail model combining a large store network, digital customer engagement, product development and integrated supply chain capabilities.

The company has grown to more than 36,000 stores globally, while its cumulative number of transacting customers was approaching 500 million at the end of June. The transaction remains subject to customary closing conditions.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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