Luckin Coffee is considering entering Gulf markets as part of its overseas expansion, supported by a $1 billion joint investment from Abu Dhabi's Mubadala sovereign wealth fund and Centurium Capital. The company, which has recovered from a past accounting scandal and surpassed Starbucks in China by sales, sees the Gulf region as attractive due to stable coffee demand and a growing preference for health-oriented drinks. Luckin continues to expand in Asia and the U.S., with plans to relist on a U.S. stock exchange pending regulatory approval. This move signals Luckin's ambition to grow its global footprint beyond its dominant position in China.
Luckin Coffee's plans to enter the Gulf markets highlight the growing global interest in coffee brands beyond China. Meanwhile, Starbucks Corp (SBUX), a major competitor, trades at USD 95.32 on Pluang as of Sep 29, 2026 07:51 WIB, showing a modest 0.48% gain for the day. Starbucks holds a market cap of $108.14 billion and a dividend yield of 2.61%, with typical investor hold time on Pluang at 189 days, reflecting steady engagement despite the competitive landscape.
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