# Zhang Yong
Latest news and articles about Zhang Yong
Total: 4 articles found
Haidilao’s Founder Returns as Cash‑Strapped Youth Sap Growth
Haidilao’s founder Zhang Yong has returned as CEO after four years amid a sharp deterioration in traffic and profitability: first‑half 2025 revenue fell 3.7% and net profit 13.7%, with customer visits down 10 million. The chain’s high labour costs, failed expansion, and mixed results from incubated sub‑brands have left it vulnerable to increasingly price‑sensitive young consumers, forcing a management rethink on efficiency and product strategy.
Haidilao’s Founder Returns as CEO as Customers and Profits Slide
Haidilao’s founder Zhang Yong has resumed the CEO role after a steep decline in customers and profits. The chain faces falling foot traffic, squeezed per-customer spending and costly service standards, prompting a pivot into incubated sub-brands and experiential formats that have yet to scale.
Crisis Lifeline: Xibei Secures A‑Round Backing from Restaurant Veteran Zhang Yong and Ex‑Alibaba Partner Hu Xiaoming as It Seeks a Comeback
Xibei has completed an A‑round capital increase led by investors including Xinrongji founder Zhang Yong and former Alibaba partner Hu Xiaoming, after a reputation crisis and the closure of roughly 100 stores. The funding is intended to stabilise cash flow, bolster supply‑chain capability and potentially preserve a path to a future IPO, but substantial governance and brand repair work remains.
Haidilao’s Founder Returns to the Helm as Shares Rally — A Reset to Rebuild Growth
Haidilao founder Zhang Yong has resumed operational leadership after CEO Gou Yiqun’s resignation, triggering a near‑double‑digit spike in the stock. The move responds to slowing core growth, early‑stage diversification via the Red Pomegranate incubator, and mounting competitive pressure in China’s hot‑pot market.