TOPIC

/ company

Haidilao

Haidilao is a chain of hotpot restaurants originally founded in China's Sichuan province. It now operates more than 1,300 stores across the country and is China's largest hotpot chain. Overseas, it has more than 100 restaurants in 11 countries under its Super Hi International spin-off.

Chairman / President

Zhang Yong

CEO / Managing Director

Zhang Yong

CFO / Finance Director

QU Cong

Industry

Restaurant

Stock Code

SEHK:6862

Year founded

1994

A Haidilao location is seen in Shanghai. Photo: Shutterstock

Hong Kong stock market

Haidilao rout exposes funding risks for the wealthy amid China’s offshore tax scrutiny

Investors are eyeing whether tax-related share sales spread to other companies with founders’ wealth held through overseas structures.

11 Sep 2026 - 4:24PM

China consumption

Takeaway boom, new brands make up winning mix for Chinese hotpot chain Haidilao

26 Aug 2026 - 5:00PMvideocam

China economy

In Focus | A matter of trust: China’s wealthy grapple with new offshore asset tax rules

19 Aug 2026 - 6:30AMvideocam

Food and Drinks

Why burgers are suddenly everywhere in China

Global giants fight for a bite of China’s burger market as budget-conscious diners and changing eating habits fuel a new fast-food obsession.

18 Aug 2026 - 5:26PM

Two women eat at a Five Guys fast-food restaurant after the US burger chain opened its first two locations in Beijing, China, in August 2026. Photo: Reuters

SCMP Highlights

China retaliates on US sanctions; North Korea’s dog meat advisory: 7 highlights

From Chinese hotpot giant Haidilao’s burger brand to Filipino star Eala’s maiden WTA win, here are highlights from SCMP’s recent reporting.

7 Aug 2026 - 12:15PM

China consumption

Haidilao takes on McDonald’s, KFC with burger brand amid slowing hotpot growth

As burger outlets crowd the domestic market, Haidilao attempts to expand amid declining demand for hotpot.

6 Aug 2026 - 4:01PM

Trending in China

China barbecue chain refunds diners US$162,000 for ‘not properly grilled’ food

Lamb skewer eatery says cooking glitch caused by new grilling equipment; offers money back deal despite getting no complaints from diners.

28 May 2026 - 9:00AM

A Chinese barbecue chain has issued refunds totalling over US$162,000 yuan to 48,000 tables after acknowledging that their skewers had not been properly cooked. Photo: Sohu

Trending in China

China scenic spot artiste sparks debate with ‘lollipop kisses’ to female visitors

Sensory-driven interactions are a big hit with some women tourists but critics deride ‘morally’ questionable performances.

8 May 2026 - 2:00PM

Food and Drinks

Why are young Koreans going crazy for Chinese restaurants?

Chinese food has become part of everyday life for South Koreans in their 20s and 30s thanks to viral trends and their own lived experiences.

12 Apr 2026 - 12:45PM

China consumption

China consumer firms post strong results but analysts warn recovery may lag

Hong Kong-listed consumer firms report strong results but analysts say the gains reflect structural shifts rather than broad recovery.

25 Mar 2026 - 5:36PM

People queue to enter a shop in Liuzhou city, Guangxi Zhuang Autonomous Region, on March 10. Photo: Xinhua

Trending in China

‘My doll is like my child’: China Gen Z’s craze for cotton kids sparks debate

So-called doll mummies create mainland market worth US$1.4 billion; say toy companions of ‘emotional support’; even ‘smell’ like their owners.

10 Feb 2026 - 11:32AM

China’s Generation Z are embracing the notion of “becoming mothers without pain” by nurturing stuffed toys as if they are real babies. Photo: SCMP composite/Shutterstock/Douyin

Trending in China

China ‘most capable waitress’ begins career at top hotpot chain; is overseas unit CEO

‘Loyal’ lowly restaurant worker makes meteoric rise to top of corporate career ladder; leads projects to boost company profits, takes chain global.

6 Feb 2026 - 9:36PM

Trending in China

China woman films dog eating from plate at eatery; shop vows to sue after closure

Owner of ‘awesome’ canine praises animal for emptying dish of mutton rolls; online observers accuse pet-loving diners of a lack of ‘discipline’.

4 Jan 2026 - 9:00AM

Singapore

How Singapore’s unforgiving food scene can go hot and cold on brands

Over 3,000 eateries shut their doors last year, the highest since 2005, in one of the world’s most competitive dining markets.

21 Dec 2025 - 1:41PM

The opening of Chick-fil-A’s first outlet in Singapore on December 11 drew a long queue. Photo: YouTube/Chick-fil-A

Trending in China

China teens fined US$308,000 over hotpot pee video that led to 4,000 diner refunds

Drunken teenage duo’s disgusting ‘prank’ causes popular restaurant chain to throw out all its tableware, disinfect entire premises.

17 Sep 2025 - 2:00PM

Two Chinese teenagers have been fined US$308,000 after posting a video of themselves urinating in a hotpot dish at a popular restaurant in Shanghai. Photo: SCMP composite/Sohu/RedNote

Viral stories

Korean eatery’s sexy dance move for women staff ‘like working in a brothel’

Employees promised bonus if sexually provocative ‘Terminal Dance’ to attract customers goes viral.

1 Jul 2025 - 6:00PM

Trending in China

Chinese couple celebrate wedding at hotpot eatery, bill stretches 2 metres

Traditional Chinese weddings feature lavish banquets, a typical table for 10 costs at least US$700.

16 May 2025 - 6:00PM

IPO

Green Tea makes tepid Hong Kong debut as IPO frenzy takes a pause

Shares of the restaurant chain began trading at HK$7.19 per share, before plunging 7 per cent to an intraday low of HK$6.69.

16 May 2025 - 7:47PM

An undated photograph of the signage of Green Tea Group, a Hangzhou-based restaurant chain. Photo: handout

Hong Kong stock market

Hong Kong stocks rise on China policy stimulus hopes to counter US tariffs

Chinese property developers rally amid expectations of more policy support for the troubled real estate sector.

17 Apr 2025 - 4:44PM

China society

Opinion | China’s youth must be taught bad behaviour will not be tolerated

The uproar over Haidilao’s initially lackadaisical response to teens peeing in a hotpot shows the need for tougher enforcement of proper public conduct.

20 Mar 2025 - 9:30AMvideocam

Chinese restaurants

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

Haidilao’s co-founder Zhang Yong has stepped down as CEO in a management reshuffle as the Chinese hotpot chain prepares to report its first ever annual loss.

2 Mar 2022 - 3:59PMvideocam

Co-founder and chairman Zhang Yong seen during the company’s listing in September 2018. Photo: Getty Images

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Haidilao

Haidilao rout exposes funding risks for the wealthy amid China’s offshore tax scrutiny

Investors are eyeing whether tax-related share sales spread to other companies with founders’ wealth held through overseas structures.

Takeaway boom, new brands make up winning mix for Chinese hotpot chain Haidilao

.css-1f6sr3w{color:#727272;}In Focus | A matter of trust: China’s wealthy grapple with new offshore asset tax rules

Why burgers are suddenly everywhere in China

Global giants fight for a bite of China’s burger market as budget-conscious diners and changing eating habits fuel a new fast-food obsession.

China retaliates on US sanctions; North Korea’s dog meat advisory: 7 highlights

From Chinese hotpot giant Haidilao’s burger brand to Filipino star Eala’s maiden WTA win, here are highlights from SCMP’s recent reporting.

Haidilao takes on McDonald’s, KFC with burger brand amid slowing hotpot growth

As burger outlets crowd the domestic market, Haidilao attempts to expand amid declining demand for hotpot.

China barbecue chain refunds diners US$162,000 for ‘not properly grilled’ food

Lamb skewer eatery says cooking glitch caused by new grilling equipment; offers money back deal despite getting no complaints from diners.

China scenic spot artiste sparks debate with ‘lollipop kisses’ to female visitors

Sensory-driven interactions are a big hit with some women tourists but critics deride ‘morally’ questionable performances.

Why are young Koreans going crazy for Chinese restaurants?

Chinese food has become part of everyday life for South Koreans in their 20s and 30s thanks to viral trends and their own lived experiences.

China consumer firms post strong results but analysts warn recovery may lag

Hong Kong-listed consumer firms report strong results but analysts say the gains reflect structural shifts rather than broad recovery.

‘My doll is like my child’: China Gen Z’s craze for cotton kids sparks debate

So-called doll mummies create mainland market worth US$1.4 billion; say toy companions of ‘emotional support’; even ‘smell’ like their owners.

China ‘most capable waitress’ begins career at top hotpot chain; is overseas unit CEO

‘Loyal’ lowly restaurant worker makes meteoric rise to top of corporate career ladder; leads projects to boost company profits, takes chain global.

China woman films dog eating from plate at eatery; shop vows to sue after closure

Owner of ‘awesome’ canine praises animal for emptying dish of mutton rolls; online observers accuse pet-loving diners of a lack of ‘discipline’.

How Singapore’s unforgiving food scene can go hot and cold on brands

Over 3,000 eateries shut their doors last year, the highest since 2005, in one of the world’s most competitive dining markets.

China teens fined US$308,000 over hotpot pee video that led to 4,000 diner refunds

Drunken teenage duo’s disgusting ‘prank’ causes popular restaurant chain to throw out all its tableware, disinfect entire premises.

Korean eatery’s sexy dance move for women staff ‘like working in a brothel’

Employees promised bonus if sexually provocative ‘Terminal Dance’ to attract customers goes viral.

Chinese couple celebrate wedding at hotpot eatery, bill stretches 2 metres

Traditional Chinese weddings feature lavish banquets, a typical table for 10 costs at least US$700.

Green Tea makes tepid Hong Kong debut as IPO frenzy takes a pause

Shares of the restaurant chain began trading at HK$7.19 per share, before plunging 7 per cent to an intraday low of HK$6.69.

Hong Kong stocks rise on China policy stimulus hopes to counter US tariffs

Chinese property developers rally amid expectations of more policy support for the troubled real estate sector.

.css-1pcrwvc{color:#2aa191;}Opinion | China’s youth must be taught bad behaviour will not be tolerated

The uproar over Haidilao’s initially lackadaisical response to teens peeing in a hotpot shows the need for tougher enforcement of proper public conduct.

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

Haidilao’s co-founder Zhang Yong has stepped down as CEO in a management reshuffle as the Chinese hotpot chain prepares to report its first ever annual loss.

In Focus | A matter of trust: China’s wealthy grapple with new offshore asset tax rules

Opinion | China’s youth must be taught bad behaviour will not be tolerated