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Haidilao’s co-founder steps down as CEO as Covid-19 inflicts first loss

Co-founder and chairman Zhang Yong seen during the company’s listing in September 2018. Photo: Getty Images
  • Hotpot restaurant chain prepares to post its first loss since at least 2015 as pandemic forces closures, suspension in operations
  • Yang Lijuan, China’s second-richest professional female executive, has been promoted to the top job
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