$LKNCY

Mubadala, a Middle Eastern sovereign wealth fund, invested $1 billion in Luckin Coffee by acquiring senior convertible preferred shares from Centurium Capital. The deal does not change Centurium's 22.08% stake in Luckin, but allows Mubadala to appoint a board director if its shareholding stays above 5%. This is Luckin's first major investment since its 2020 financial fraud scandal. Centurium has been reducing its stake to meet LP exit needs, distributing shares and selling equity.

Shanghai's coffee market is growing rapidly, with 10,336 shops in 2025, up from 6,193 in 2021. Demand for high-quality, specialty coffee is increasing, shifting focus from price wars to quality and origin. China's coffee imports rose 218% from 2020 to 2024, with Brazil, Colombia, Ethiopia, and Vietnam as top suppliers. Shanghai is a key hub, handling 28% of China's green coffee imports in 2025, with Kunshan as a major roasting center.

Luckin Coffee, China's leading coffee chain, plans to enter Taiwan but faces regulatory hurdles. Taiwanese authorities require Luckin to apply through the Investment Review Commission, citing concerns over Chinese capital. Luckin, delisted from NASDAQ in 2020, has since expanded internationally and surpassed Starbucks in China's market share, reaching 32.6% in 2024.

Mubadala Investment and Centurium Capital plan to invest $1B in Luckin Coffee, gaining 22.1% ownership. Luckin reported Q2 revenue of 15.9B yuan, up 29% YoY, and operating profit of 2.1B yuan, up 22%. The deal is subject to closing conditions. Luckin trades OTC under LKNCY.

GIANT and Penn State Athletics announced a multi-year partnership through 2032 naming GIANT Official Grocery Partner, with game-day activations and LionCash acceptance. Delta Air Lines and Starbucks updated their loyalty partnership to simplify how eligible Starbucks purchases earn SkyMiles. Luckin Coffee and Duolingo launched a limited-time back-to-school co-branded promotion at Luckin locations in NYC.

Duolingo (DUOL) reported Q2 revenue of $298.45 million, with lower net income and EPS, and guided for Q3 revenue of $302 million. For full-year 2026, it expects revenue growth of 15% to 18%. Separately, Luckin Coffee announced a limited-time Duolingo collaboration in New York City.

Guo Jinyi (Chief Executive Officer) sold 296,671 shares of Luckin Coffee Inc. (LKNCY) at an average of $36.45 ($36.20–$36.50, $10.81M total) across 2 trades over 2026-08-05 to 2026-08-06.

Cao Wenbao (Senior Vice President) sold 150,000 shares of Luckin Coffee Inc. (LKNCY) at an average of $37.06 ($37.00–$37.10, $5.56M total) across 3 trades on 2026-08-04.

Luckin Coffee reported Q2 2026 net revenue up 28.5% year over year to RMB15.89 billion. It added 2,714 net new stores, taking the total to 36,310, and average monthly transacting customers rose 22.9% to 112.7 million. Same-store sales fell 5.3%. The company repurchased US$195.1 million of shares under a US$300 million buyback.

Luckin Coffee Inc. (LKNCY) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 Luckin Coffee Announces Second Quarter 2026 Financial Results Net Revenues Increased by 28.5% Year-over-Year to RMB15.9 Billion GAAP Operating Income Increased by 22.0% Year-over-Year to RMB2.1 Billion Average Monthly Transacting Customers Reached a Record High of 11