Sichuan HaiDiLao Expands at Home and Abroad

Haidilao plans to expand by adding 80 more stores in China and internationally, focusing on rising demand. The company is optimistic about growth in Southeast Asia but faces challenges in the US and UK markets. In the US, Haidilao adapts its strategy by offering a Japanese-style hot pot experience, which has been well-received. Financially, Haidilao is not concerned about funding, as it has ample cash flow and invests profits into related businesses. The company is not interested in an IPO, focusing instead on understanding cultural differences and managing labor-intensive operations. Despite fierce competition in China, Haidilao maintains strong margins and offers competitive salaries to its employees.

What is Haidilao's expectation for revenue in China by the end of the year?

• 7 billion yuan

• 12 billion yuan

• 5 billion yuan

• 10 billion yuan

How has Haidilao adapted its hot pot style for the US market?

• By reducing the spice level

• By serving only vegetarian options

• By introducing a one customer, one pot Japanese style

• By offering a buffet style

What is Haidilao's approach to financing its expansion?

• Conducting an IPO

• Issuing bonds

• Seeking venture capital

• Relying on abundant cash from operations

What is the main bottleneck Haidilao is facing in its expansion?

• Lack of capital

• Insufficient store managers

• Regulatory challenges

• High competition

How does Haidilao measure its success amid competition in China?

• By the number of new stores opened

• By the salaries of its employees

• By its market share

• By the satisfaction of its customers