Latest news and articles about Lin Lairong
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Xibei, a prominent Chinese restaurant chain, has taken emergency steps—including minority investments from a mining magnate and industry peers, mass store closures, staff cuts and leadership changes—after a scandal over pre‑prepared dishes precipitated a steep sales decline. The injections are small and largely symbolic; the company now faces a difficult recovery that depends on restoring product credibility while managing a slimmer cost base.