Story perspectives
Luckin Coffee Eyes Gulf Expansion After $1B Mubadala Deal
By Drooid · · How we work
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Story summary
- Luckin Coffee is weighing entry into Gulf markets after securing $1 billion investment from Abu Dhabi’s Mubadala.
- Mubadala and Centurium Capital made a $1 billion joint investment, becoming direct shareholders in Luckin.
- Chairman David Li told CNBC senior management is evaluating Gulf entry as a new growth market.
- CEO Jinyi Guo said the Gulf offers steady coffee demand and rising low-sugar drink preference.
- Second-quarter revenue rose 28.5% to 15.9 billion yuan ($2.34 billion).
