Hotpot Chain Haidilao’s Market Value Plunges 50% after Extensive Expansion

(Source: Haidilao)

The stock price of China’s most popular hotpot chain Haidilao came to a low this week with the company’s market value plunging over 50% after an extensive expansion during the Covid epidemic.

Just four months ago, Haidilao’s total market value used to exceed 450 billion Hong Kong dollars. That number has since shrunken to less than 200 …