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Chinese hotpot chain Haidilao plans US expansion to escape slump at home

The Star LogoThe Star3h ago

Chinese hotpot chain Haidilao plans US expansion to escape slump at home - The Star

Quick Summary:

CHINESE hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.

Super Hi, which opened its first foreign restaurant in Singapore in 2012, had 122 outlets in 13 countries outside China as of June.

It’s one of the popular mainland eateries looking toward foreign growth to offset an increasingly saturated and competitive dining scene at home, with price wars breaking out to lure budget-conscious Chinese consumers.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 12:05:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22465587

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 33 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Chinese hotpot chain Haidilao plans US expansion to escape slump at home" was covered 3 hours ago by The Star, a news publisher based in Malaysia.

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  • URL: https://beamstart.com/news/chinese-hotpot-chain-haidilao-plans-17261144178277

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