China’s hotpot billionaire is ready to take on the world


BEIJING: Zhang Yong, the co-founder and chairman of Haidilao, one of China’s most successful hotpot chains, remembers his first time eating out. As a 19-year-old welder in Jianyang, Sichuan, it was exhilarating to escape the proletarian company cafeteria and dine in an actual restaurant, a rare experience for him at the time.

But the employees were rude and the hotpot didn’t inspire. Then came a twist of fate that would change China’s culinary history: Zhang bolted from his job at a state-owned tractor factory in a dispute over a company apartment for him and his fiance.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , China , hotpot , billionaire

Next In Business News

PETRONAS seals long-term LNG supply deal with CNOOC
FBM KLCI dips in early trade despite Wall Street record close
Ringgit climbs to five-year new high on weaker greenback in early trade
Trading ideas: PMCK, Citaglobal, Kimlun, CBH Engineering, Hextar Global, Solarvest, PetGas, Jasa Kita
Jasa Kita plans to acquire 55% stake in SPPH
PMCK posts RM5.8mil profit in 2Q
Healthcare players earnings visibility intact
SBS Nexus eyes RM31mil from its IPO
Stratus Global eyes foreign expansion upon listing
Amova raises stake in AHAM Capital to 97.7%

Others Also Read