China Hotpot Chain Surges 20% as Covid Cost Cuts Bear Fruit

(Bloomberg) — Shares of China’s hotpot chain Haidilao International Holding Ltd. jumped the most in a year after the firm forecast a return to profitability, underscoring bets for a revival in c...

Hotpot Billionaire Zhang Yong Steps Down As Haidilao CEO

Zhang Yong speaks during a news conference in Hong Kong, China, on September 11, 2018. Photographer: Anthony Kwan/Bloomberg Zhang Yong, the billionaire founder of Chinese hotpot chain Haidilao, has st...