# Restaurant Industry
Latest news and articles about Restaurant Industry
Total: 2 articles found
Business
The Quiet Empire: How a Fast-Food Veteran is Monopolizing China’s Shopping Malls
Geng Yuanshan, a veteran of the fast-food giant Wallace, is reshaping China's dining landscape by bundling multiple affordable restaurant brands to dominate shopping mall real estate. By focusing on mature business models and lower-tier cities, his Bantianyao Group has created a high-growth, low-risk alternative to traditional restaurant expansion strategies.
SoBiz2026年6月13日 02:08
#Bantianyao#Geng Yuanshan#China Retail
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