Haidilao dishes up overseas profits with a sour aftertaste
The hotpot brand’s international arm, Super Hi, is on track to post buoyant annual profits but under the surface increased competition is crimping margins Key Takeaways: The company expects revenues…
Jiumaojiu ladles up hotpot investment to boost overseas expansion
The restaurant operator will pay $43 million for new and existing shares of Big Way Group, boosting its stake to 49% of the North American hotpot chain Key Takeaways: Jiumaojiu’s…
Xiaocaiyuan sets the table for Hong Kong IPO. But is the timing right?
China’s largest “cheap eats” restaurant chain was cleared by the Hong Kong Stock Exchange to make its IPO after its third filing this year Key Takeaways: Xiaocaiyuan has passed the…
Jiumaojiu sinks as consumers shun its pricey ‘sauerkraut fish’
The operator of a trendy mid-range restaurant chain is getting undermined by rising popularity of ‘poor man’s meals’ from competitors Key Takeaways: In a stunning reversal, Jiumaojiu warned it expects…
Haidilao CEO switches jobs to take charge of overseas expansion
June Yang, who is credited with steering Haidilao into profit after the pandemic, has moved to the CEO post at the hotpot chain’s international arm, Super Hi, two months after…
FAST NEWS: Super Hi swings to the red on higher forex losses
The Latest: Super Hi International Holding Ltd. (9658.HK), the international business unit of Chinese hotpot giant Haidilao (6862.HK), announced Monday that it lost $4.54 million in the first quarter of this…
Super Hi boils up overseas with New York listing application
The international arm of hotpot giant Haidilao is trying to whet U.S. investor appetites with 23% revenue growth last year and its first-ever profit Key Takeaways: Singapore-based Super Hi has…
