Hotpot chain Sichuan Haidilao Catering Co is said to be making inroads into Hong Kong, joining a cluster of mainland counterparts whose business in Hong Kong has been chequered. Edwin Leong Siu-hung, founder of Tai Hung Fai Enterprise and one of Hong Kong’s largest retail landlords, confirmed that one of his company’s properties in Mong Kok had been leased to Haidilao and could be decorated within two months at the soonest…Full Article: ECNS.cn Feb 2017

Key Point

  • Sichuan Haidilao Catering currently has 168 outlets in 51 cities on the Chinese mainland, as well as an additional nine outlets in Singapore, Los Angeles, Seoul and Tokyo.

ChinaAg Comments­

  • In July 2016, Yihai International Holding (HKG:1579) began trading on the Hong Kong Stock Exchange.
  • At the end of 2015, Yihai International Holding produced and marketed 56 products to more than 6,000 stores in China. The company also distributes their products via the e-commerce sites of Tmall.com and JD.com.
  • Founded in 1994 and headquartered in Beijing, Sichuan Haidilao Catering operates a chain of hot pot restaurants whose meals consist of beef, pork, duck, mutton, vegetables, tofu, dumplings, and other food products. The company opened its first restaurant in Jianyang (near Chengdu), Sichuan Province. In 2013, the company spun off soup sauce and seasoning business and established Yihai International Holding. In 2015, Sichuan Haidilao Catering had 142 restaurants in China.

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