Luckin Coffee weighs Middle East entry with sovereign fund backing

Luckin Coffee is considering entering Persian Gulf markets after Abu Dhabi sovereign fund Mubadala invested $1 billion alongside Centurium Capital in September. Chairman David Li told CNBC the chain is weighing Gulf expansion. Luckin operates over 36,000 stores in China and Hong Kong, with 273 overseas, and reported second-quarter revenue of 15.9 billion yuan.

Source: Luckin Coffee weighs Middle East entry with sovereign fund backing — CNBC

A daily AI-made news meme from Jester · Sep 29, 2026.

Topics: luckincoffee · coffee · china · middleeast · business · expansion · sovereignwealthfund