Abu Dhabi sovereign wealth fund Mubadala Investment Company has agreed to acquire a $1 billion minority stake in Luckin Coffee. The transaction is conducted in partnership with Luckin's controlling shareholder Centurium Capital, whose 22.08% ownership remains unchanged. Luckin operates over 36,000 stores in China alongside 250 international locations.
Abu Dhabi's sovereign wealth fund Mubadala Investment Company has invested $1 billion in Chinese coffee giant Luckin Coffee. Following the investment, Luckin appointed Mubadala executive Philip Yifei Bao to its board of directors effective September 29, 2026. The capital injection comes as Luckin Coffee explores potential expansion into Middle East markets.
Luckin Coffee Inc. has appointed Philip Yifei Bao, Director of Private Equity China at Abu Dhabi's Mubadala Investment Company, to its board of directors. The appointment expands the Chinese coffee chain's board to ten members and deepens governance ties with the UAE sovereign wealth fund.
Chinese coffee chain Luckin Coffee is assessing an expansion into Gulf countries following an investment by Abu Dhabi's Mubadala Investment Company. Mubadala became a direct shareholder after partnering with Luckin's controlling shareholder Centurium Capital on a $1 billion deal. Luckin executives highlighted the Gulf region's repeat consumption and rising demand for health-oriented beverages.
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