Luckin Coffee is considering entering Gulf markets as the Chinese coffee chain continues its international expansion, supported by a $1 billion joint investment from Abu Dhabi’s Mubadala sovereign wealth fund and Centurium Capital. Backed by Centurium, Luckin has executed a sharp turnaround and surpassed Starbucks to become China’s biggest coffee chain by sales. Its recovery has attracted other institutional investors, including Singapore’s Temasek.