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Home›Global Markets›Trade & Tariffs›Luckin Coffee considers expanding into Gulf markets

Luckin Coffee considers expanding into Gulf markets

Reported · Written up by our desk · Trade & Tariffs

CNBC reports that Luckin Coffee is weighing a push into Middle East, or Gulf, markets while it deepens its presence in Southeast Asia.

The outlet says the company has backing from sovereign wealth funds in both regions as it evaluates the expansion.

Latest closeCoffee $288.40 ▲3.5%

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Sources

CNBC MarketsLuckin Coffee, flush with Persian Gulf cash, weighs entry into Middle East markets
CNBC WorldLuckin Coffee, flush with Persian Gulf cash, weighs entry into Middle East markets

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