Company Index
Haidilao
Haidilao
NEWS
Bawangchaji held a successful seven-day pop-up event in Singapore, aiming for an official store opening in August 2024 and focusing on Southeast Asian markets for expansion.Chinese dining brands like Heytea, Shuyi Grass Jelly, and Haidilao are aggressively pursuing international growth, employing various models like franchises and direct management.Overcoming challenges in supply chains and local workforce management is essential for the success of Chinese restaurants expanding overseas, with significant emphasis on localization.
Jul.13 2024 14:03 PM
Haidilao’s American depositary shares are up 7.4% after three sessions in New York
May.22 2024 14:49 PM
- In early March 2024, Haidilao (06862.HK) announced it would start franchising after previously operating over 1300 self-owned stores in Greater China. Another leading restaurant company, Jiumaojiu (09922.HK), also opened two of its brands for franchise a month earlier, signaling a trend among top dining chains to embrace franchising to penetrate lower-tier markets.
- The rapid expansion of new fast-food, milk tea, and coffee chain brands into lower-tier cities has aligned the dining market in these areas with that of first-tier cities. Franchising is seen as a strategic move to tap into the "sinking market," which refers to counties, towns, villages, and third to fifth-tier cities across the country.
- Despite the popularity of franchising in China's dining sector in 2023, with notable brands like Xicha opening 2390 stores in one year through franchising compared to just a few hundred previously, success varies. Many franchisees stress the importance of thorough brand and location research before investing due to the mixed profitability and high competition within the industry.
Mar.23 2024 13:44 PM
Restaurant chain seeks rapid expansion through franchisees while keeping a tight control on food safety and quality control
Mar.5 2024 04:21 AM
The restaurant chain is looking to rebuild its business as Covid restrictions ease, but analysts warn a slowing economy and property slump may keep spending low
Oct.10 2022 16:40 PM
The Chinese hotpot chain estimates it was in the red to the tune of least $33 million in the first-half as it implemented a turnaround plan
Aug.16 2022 20:04 PM
Chinese hotpot chain Haidilao International Holding Ltd. posted a net loss of 965 million yuan
Aug.27 2020 03:50 AM
Chinese hotpot chain’s revenue fell 20% amid pandemic shutdowns across China as effort to compensate by jacking up prices fizzled amid online boycott
Jul.8 2020 05:38 AM
May.8 2020 18:17 PM
Shu Ping has been appointed the sole shareholder and director of Sunrise Capital Management
Mar.5 2020 14:30 PM
Mar.28 2019 13:54 PM
Eatery continues its overseas expansion with entry into European market
Nov.6 2018 20:30 PM
Stock closes up by a fraction after rising as much as 10% in trading debut in Hong Kong
Sep.26 2018 18:34 PM
In the wake of sizzling Hong Kong IPO, Haidilao Chairman Zhang Yong tells Caixin about plans to expand globally
Sep.26 2018 14:10 PM
Pricing of $17.80 indicates strong appetite for China's most popular hot pot chain
Sep.24 2018 13:24 PM
Hillhouse Capital, Morgan Stanley to be Haidilao’s cornerstone investors
Sep.10 2018 13:33 PM
Popular Sichuan-style food chain makes highly anticipated filing for IPO with plans to add 180-220 outlets taking brand global
May.18 2018 05:07 AM
Youdingyou’s IPO marks second such public offering for an affiliate of hugely popular Haidilao
May.3 2017 17:07 PM
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