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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

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.


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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