Temasek Holdings Discloses New 6.4% Passive Stake in Luckin Coffee Inc.

On May 22, 2026, Temasek Holdings (Private) Limited filed a Schedule 13G disclosing a 6.4% ownership stake in Luckin Coffee Inc. (LKNCY). The filing, which reports an event date of May 18, 2026, indicates that Temasek beneficially owns 137,015,912 Class A ordinary shares. This position includes 111,717,512 shares held through its wholly owned subsidiary, Temasek Capital (China) Holdings Pte. Ltd., which individually holds a 5.2% stake. The total holdings comprise a mix of direct Class A ordinary shares and shares represented by American Depositary Shares (ADS). The reporting persons, both based in Singapore, have certified that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This filing represents a significant new position for the sovereign wealth fund in the Chinese coffee chain, as previous ownership was reported at 0.0%. The calculation is based on approximately 2.15 billion Class A ordinary shares outstanding as of February 2026.