From a 4-Table Eatery to a $12 Billion-Dollar Empire: The Shocking Rise of Haidilao Founders in Singapore
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From a 4-Table Eatery to a $12 Billion-Dollar Empire: The Shocking Rise of Haidilao Founders in Singapore
Who would have imagined that a modest hotpot shop with just four tables in Jianyang, Sichuan, China, would one day evolve into a global restaurant empire worth billions? Zhang Yong, co-founder, chairman, and CEO of Sichuan Haidilao Catering, and his wife Shu Ping, co-founder and non-executive director, have turned their humble beginnings into one of the most remarkable rags-to-riches stories in Asia. Today, the couple not only controls the globally renowned Haidilao hotpot chain but also ranks among the wealthiest individuals in Singapore. The Humble Origins of Haidilao According to VnExpress International, Zhang Yong and Shu Ping, along with two partners, opened their first hotpot restaurant in 1994 with a capital of less than 10,000 yuan. Zhang, a high school dropout who once worked at a tractor factory, had a fierce entrepreneurial instinct. He quickly assumed the role of general manager and set an ambitious goal: to accumulate 150,000 yuan in assets within five years. "I swore tha…
