BUSINESSSCMP WORLD
Amid slowing hotpot growth in China, Haidilao takes on biggest American burger brands
Haidilao International Holding is expanding into hamburger and sushi stores to diversify its business as its core hotpot business slows. The company follows American brands like McDonald’s and KFC, with Five Guys opening its first stores in Beijing.
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- Five Guys to open in Beijing as more US chains hunger for success in China
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