Luckin Coffee Secures $1 Billion
14
09
2026
Luckin Coffee Secures $1 Billion
Investment as Xiamen's Coffee Industry Thrives with 1,950 Related Enterprises
On September 11, reporters learned that Mubadala Investment Company, the Abu Dhabi sovereign wealth fund, recently announced a strategic investment agreement with Luckin Coffee, committing a $1 billion strategic minority equity investment in the company.
The deal was jointly executed by Mubadala and DZ Capital, Luckin’s controlling shareholder, marking one of the largest single investments by a Middle Eastern sovereign fund into China’s new consumer sector in recent years, reflecting international capital’s recognition of the potential in China’s consumer market.
Public data shows that in the first half of this year, LUCKIN Coffee achieved revenue of 27.881 billion yuan, an increase of 31.37% year-on-year; its net profit was 1.993 billion yuan, an increase of 10.72% year-on-year. As of the end of June, the total number of LUCKIN Coffee stores reached 36,310, of which 23,734 were self-operated and 12,576 were affiliated; 2,714 new stores were opened in the second quarter.
LUCKIN Coffee is the leader and representative of the coffee industry in Xiamen. Data from Qichacha shows that as of now, there are 1,950 coffee-related enterprises in Xiamen. Among them, the enterprises with an establishment period of 5 to 10 years account for the largest proportion, approaching 30%; over 60% of the related enterprises belong to the accommodation and catering industry, followed by the wholesale and retail industry. In terms of registration volume, since 2022, the annual registration volume of coffee-related enterprises in Xiamen has fluctuated within the range of 200 to 320, and as of now, 225 related enterprises have been registered this year, with the registration volume in the first eight months reaching 220, a year-on-year increase of nearly 15%.