Business News - BEIJING (REUTERS) - China's Haidilao, which operates a chain of hot pot restaurants, said its billionaire founder Zhang Yong has stepped down as chief executive and will shift his focus to long-term strategy planning. Mr Zhang, 52, who was born in China's Sichuan province. Read more at www.tnp.sg
Zhang Yong, once Singapore’s richest tycoon, has stepped down as the chief executive of Haidilao International, as the Chinese hotpot restaurant chain prepares to report its first loss in at least six years. The businessman, who co-founded the chain in 1994, will relinquish the day-to-day management to his deputy Yang Lijuan, who was ranked China’s second-wealthiest professional woman manager in.
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BEIJING (Reuters) - China's Haidilao, which operates a chain of hotpot restaurants, said its billionaire founder Zhang Yong has stepped down as CEO an.