Haidilao chairman Zhang Yong plans to use funds raised from the Hong Kong IPO to fund expansion during the next three years. Photo: Bloomberg

China’s biggest hotpot chain Haidilao taps Hillhouse, Morgan Stanley as cornerstone investors in up to US$963 million IPO

Haidilao’s IPO comes amid a sluggish stock market, as the Hang Seng Index enters a technical bear market on Monday

Topic |   IPO

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Haidilao chairman Zhang Yong plans to use funds raised from the Hong Kong IPO to fund expansion during the next three years. Photo: Bloomberg
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