LEGAL | Staff Reporter, Hong Kong

Haidilao founders increase wealth by US$6 billion in three months

China's largest hotpot chain went public last September.

Spicy hotpot has placed founders of restaurant chain Haidilao as one of the wealthiest families globally.

Bloomberg reports that Zhang Yong, chairman of Haidilao International Holding Ltd., and his wife Shu Ping, had grown US$6 billion richer in 2019, a 79% jump in over three months.

China's largest hotpot chain went public last September, and is pushing for efficiency through the creation of automated kitchens. Keeping families in through perks like the free manicures, Haidilao is expanding overseas with new locations planned in New York and London.

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