18 Hrs
Source:
Sky News
Mubadala invests in Lokin Coffee
Mubadala Investment Company has announced its investment in a minority stake in the Chinese company "Lokun Coffee," alongside Centurium Capital, which owns the majority share. This transaction is valued at nearly one billion dollars in total. This investment comes amid the continued growth of the coffee market in China, where demand for modern coffee varieties is on the rise, and consumption has increased significantly. Lokun Coffee focuses on building an innovative business model supported by technology, utilizing data to develop products and improve operations. The company is also expanding its store network and developing an advanced digital ecosystem to engage with customers. It is expected that Mubadala's expertise and its partnership with Centurium will support the company's growth both domestically and internationally, especially in the Chinese market and beyond. The deal is anticipated to be finalized once regulatory approvals are obtained. Founded in 2017, Lokun Coffee has experienced rapid growth, becoming one of China's leading coffee platforms, with a strong emphasis on quality and innovation in service delivery.
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