Chinese hotpot chain Haidilao misses first-half profit estimates amid intensified competition

Signage at a Haidilao International Holding Ltd. hotpot restaurant in Singapore, Singapore, on Saturday, Sept. 7, 2024. Chinese hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending. © Photographer: Ore Huiying/Bloomberg