Luckin Coffee Weighs Gulf Expansion After Surpassing Starbucks in China

Key Facts

1Luckin Coffee is considering entering Middle Eastern markets as part of its overseas expansion strategy.

2Luckin Coffee has surpassed Starbucks as the largest coffee chain in China by sales volume.

Luckin Coffee is considering entering Middle Eastern markets as part of its overseas expansion strategy. CNBC reported that the company has surpassed Starbucks as the largest coffee chain in China by sales volume, and it is now seeking to leverage its existing financial ties with Gulf investors to enter new growth markets.

LKNCY closed at $32.54 on September 25, 2026, while competitor SBUX closed at $94.86 on the same date. The expansion exploration is supported by capital from the Gulf region and backing from Centurium Capital, following a successful turnaround that established the company's market leadership in China.