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Mubadala acquires Luckin Coffee stake in $1 billion transaction
Abu Dhabi investor takes minority position alongside Centurium Capital in China coffee platform operator.
Mubadala Investment Company has agreed to acquire a significant minority stake in Luckin Coffee Inc. alongside Centurium Capital in a transaction valued at approximately $1 billion, according to a statement published on 10 September 2026. The transaction remains subject to customary closing conditions. No details were disclosed regarding the size of the stake or the valuation of Luckin Coffee implied by the deal. Centurium Capital is the controlling shareholder of Luckin Coffee.
Luckin Coffee store count and transaction figures#
Luckin Coffee operated more than 36,000 stores globally as of 30 June 2026, according to the statement. The company's cumulative number of transacting customers was approaching 500 million at that date. Founded in 2017, the Xiamen-based company operates stores in China, Singapore, Malaysia and the United States. The coffee platform uses digital ordering and customer engagement, product development and supply chain operations across its store network.
Mubadala China investment record since 2015#
Mubadala has invested more than $20 billion in China across more than 100 deals since 2015, according to Semafor. The Abu Dhabi-based investor manages a $385 billion portfolio spanning six continents and multiple sectors and asset classes, according to Khaleej Times. Mohamed Albadr, head of Asia, private equity at Mubadala, stated the firm continues to see long-term opportunities in China's consumer sector. Mubadala entered China in 2015, according to The National News.
Centurium Capital role and China coffee market figures#
Centurium Capital is a China-focused private equity firm operating in the consumer, healthcare and technology sectors. Michael Chen, partner at Centurium Capital, stated that Mubadala's sector knowledge, perspective and network would support Luckin Coffee's development. China's coffee market is expected to reach projected revenue of $5.36 billion by 2033, according to Grand View Research cited by The National News. The market is projected to grow at a compound annual rate of 6.4 percent from 2026 to 2033. In terms of revenue, China accounted for 1.3 percent of the global coffee market in 2025, according to Grand View Research data cited by The National News.
Sources4 sources across 4 domains
- khaleejtimes.comKhaleej TimesTransaction value of approximately $1 billion, Luckin Coffee store count of more than 36,000 as of 30 June 2026, cumulative transacting customers approaching 500 million, Mubadala portfolio size of $385 billion, Mohamed Albadr quote on China consumer sector opportunities, Luckin Coffee founded in 20
- thenationalnews.comThe National NewsTransaction subject to customary closing conditions, China coffee market projected revenue of $5.36 billion by 2033, compound annual growth rate of 6.4 percent from 2026 to 2033, China accounted for 1.3 percent of global coffee market in 2025, Luckin Coffee expansion into Singapore, Malaysia and US
- semafor.comSemaforMubadala has invested more than $20 billion in China across more than 100 deals since 2015
- gulfnews.comGulf NewsCenturium Capital is controlling shareholder, transaction remains subject to customary closing conditions
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