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Mubadala agrees to invest $1 billion in Luckin Coffee

Abu Dhabi wealth fund Mubadala Investment Company said it agreed to invest in Chinese coffee chain Luckin Coffee valued at $1 billion.

LKNCYSBUX

Abu Dhabi wealth fund Mubadala Investment Company said on Thursday it has agreed to invest $1 billion in Chinese coffee chain Luckin Coffee. 7072 Chinese yuan renminbi.