Mubadala takes significant minority stake in Luckin Coffee in $1bn transaction

Mubadala has agreed to make a significant minority investment in Luckin Coffee as part of a transaction valued at approximately $1 billion, expanding its presence in China’s consumer sector. The investment adds to Mubadala’s growing portfolio in the country and reflects its long-term private equity strategy of identifying opportunities across high-growth markets and consumer businesses in Asia.

Read the original article on: Financial Times