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China's hotpot billionaire ready to take on the world

Haidilao boss Zhang Yong eyeing as many as 80 more stores this year, with maybe 10 of them overseas
Wednesday, August 9, 2017 - 05:50

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Diners at a Haidilao hotpot restaurant, operated by Sichuan Haidilao Catering Co, in Shanghai. Haidilao specialises in spicy Sichuan hotpot dishes featuring a spicy broth and choices of meat, seafood, mushrooms, tofu and assorted vegetables.

Beijing

ZHANG Yong, the co-founder and chairman of Haidilao, one of China's most successful hotpot chains, remembers his first time eating out. As a 19-year-old welder in Jianyang, Sichuan, it was exhilarating to escape the proletarian company cafeteria and dine in an actual restaurant, a

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