Haidilao

From mala to mall: 5 ways Singaporeans are swiping more in Johor

Transactions are up sharply even as the average ticket size dips, suggesting consumers are crossing the Causeway more often and buying more frequently

The hotpot chain has continued to shut down underperforming restaurants, with self-operated stores dropping to 1,322 from 1,343 a year ago.

Consumer & Healthcare

Haidilao down most since April after hotpot chain sales decline

Consumers in China are turning frugal as concerns around a slowing economy affect investment and consumption

The closure of the Clarke Quay outlet follows Chinese hotpot chain Haidilao’s recent shuttering of three suburban restaurants.

Property

Haidilao to close Clarke Quay outlet on Aug 31; exit follows three earlier outlet closures

The Clarke Quay outlet had marked the brand’s entry into Singapore

A Haidilao hot pot restaurant in a Beijing mall. Super Hi attributes the jump in delivery revenue to sustained investment and marketing efforts in the delivery business, as well as the expansion of its delivery network alongside growing restaurant coverage.

Companies & Markets

Haidilao operator Super Hi swings to US$11.9 million Q1 profit on forex gains, delivery growth

Revenue rises 5.4% on year to US$197.8 million, from US$187.6 million

Haidilao restaurant operator Super Hi is dual-listed in Hong Kong and the US.

Companies & Markets

Haidilao operator Super Hi back in the red with US$11.6 million loss in Q4

This is despite a 10.4% increase in revenue to US$208.8 million

Super Hi operates 121 Haidilao hotpot outlets across 13 countries outside China as at end-September.

Companies & Markets

Haidilao operator Super Hi swings back to black with US$37.7 million Q3 net profit

Its restaurant operations record US$190.9 million in revenue

Luckin Coffee, with more than 20,000 domestic stores, has only opened about 40 locations in Singapore.

Global Enterprise

Luckin Coffee, Haidilao and other China chains may be suffering indigestion from regional expansion

Supply chain complexities are among the biggest problems facing catering chains

Haidilao has one of the biggest international footprints among Chinese food and beverage chains.

Global Enterprise

China hot pot chain Haidilao plans US expansion to escape slump at home

CHINESE hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the United States, working to draw new customers as diners at home ...

Former hedge fund manager George Raymond Zage III came in at 48th place with a US$900 million fortune.

Wealth

Grindr shareholder one of two expats-turned-citizens in Forbes’ 50 richest list in Singapore

Former hedge fund manager George Raymond Zage III is at 48th place, and his US$900 million fortune comes largely from LGBTQ dating app Grindr shares

A Haidilao International hotpot restaurant in Beijing. The total number of Super Hi's Haidilao restaurants expanded to 122 as at end-June, from 115 the year before.

Global Enterprise

Waitress-turned-CEO at Haidilao operator Super Hi to soup up hotpot chain’s presence in S-E Asia

Yang Lijuan is looking to improve guest satisfaction, strengthen guest connections and boost operational efficiency

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