Xiabuxiabu gets chilled by China’s weak economy
The personal hotpot restaurant chain warned its revenue fell and its losses grew last year as increasingly cautious Chinese consumers cut back their spending Key Takeaways: Xiabuxiabu said it expects…
Helens’ outlook dims as ‘revenge clubbing’ fades
The bar operator posted a double dip in revenue and profit in the first half of the year as its outlook dims with China’s slowing economy Key Takeaways: Helens said…
Xiabuxiabu shutters stores, cuts prices in bid to stop flow of red ink
The restaurant operator warned it swung into the red in the first half of 2024, as consumption in China weakens and intense competition leads to relentless price cutting Key Takeaways:…
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…
Haidilao tastes profit success with budget hotpot chain
The Chinese restaurant sector is continuing a run of upbeat results and earnings forecasts, with hotpot giant Haidilao saying its profits surged last year Key Takeaways: Haidilao predicted its net…
Haidilao says ‘Hi’ to new budget brand
The popular hotpot chain’s rollout of its lower-priced Hailao brand comes as diners cut back their spending in China’s weakening economy Key Takeaways: Haidilao’s new Hailao budget hotpot chain got…
Hot pot dining boom helps Jiumaojiu serve up profit feast
The restaurant chain selling Chinese sauerkraut fish and hot pot dishes has rebounded from the pandemic with a nearly fourfold jump in first-half profits Key Takeaways: Jiumaojiu’s revenues surged more…
