The entrance of a Haidilao restaurant in Beijing. Photo: Simon Song
The entrance of a Haidilao restaurant in Beijing. Photo: Simon Song
Consumers

Haidilao gains US$696 million in market value as Chinese hotpot chain shuts one-fifth of restaurants to halt losses, stock rout

  • Hotpot restaurant chain plans to close or suspend about 300 outlets because of poor table turnover and operating results, exchange filing says
  • Industry growth is slowing as the pandemic offers reality check to aggressive expansion in recent years

The entrance of a Haidilao restaurant in Beijing. Photo: Simon Song
The entrance of a Haidilao restaurant in Beijing. Photo: Simon Song
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