# Hot Pot

Haidilao’s ‘Iron Lady’ Returns: A High-Stakes Bet on Multi-Brand Expansion

Yang Lijuan, the veteran executive who led Haidilao's massive expansion, has returned to the core company to lead its new multi-brand diversification strategy. Her return signals a shift toward disciplined execution as the company's flagship hot pot business faces declining profits and market saturation.

SoBiz2026年4月19日 02:58

#Haidilao#Yang Lijuan#Zhang Yong

Colorful Zhangzhou sign surrounded by vibrant floral decorations, symbolizing Chinese culture and nature.

Business

Boiling Over: The Human Cost of Haidilao’s Fading Hot Pot Hegemony

Haidilao founder Zhang Yong has apologized to employees after an internal probe revealed staff were forced to pay for customer gifts out of their own wages. The scandal highlights the structural strain on the company as it faces declining profits, falling turnover rates, and a massive reduction in its workforce.

SoBiz2026年4月16日 03:28

#Haidilao#Zhang Yong#Hot Pot