Hotpot Haidilao Founder & Singapore Billionaire Zhang Yong to Step Down as CEO, Yang Lijuan Becomes CEO 

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Hotpot Haidilao Founder & Singapore Billionaire Zhang Yong to Step Down as CEO, Yang Lijuan Becomes CEO 

5th March 2022 | Hong Kong

Hotpot Haidilao founder & Singapore billionaire Zhang Yong has stepped down as CEO of Haidilao, appointing deputy CEO & COO Yang Lijuan as CEO on the 1st March 2022.  Zhang Yong will remain as Chairman of Haidilao to focus on long-term strategic planning.  Haidilao Hot Pot Restaurant was founded in 1994 by Zhang Yong, Shu-Ping (his wife) and 2 other co-founders (Shi Yonghong, Li Haiyan) in China (Jianyang, Sichuan Province) with their personal savings in China.  In 2021, the family fortune of Zhang Yong and Shu-Ping (wife) was estimated to be around $30 billion (2021) and was Singapore’s richest family.  The family have became Singapore citizens and in 2019,  setup their family office Sunrise Capital Management in Singapore to manage their family assets. 

“ Hotpot Haidilao Founder & Singapore Billionaire Zhang Yong to Step Down as CEO “

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Haidilao Hot Pot

Haidilao Hot Pot Restaurant was founded in 1994 by Zhang Yong, Shu-Ping (his wife) and 2 other co-founders (Shi Yonghong, Li Haiyan) in China (Jianyang, Sichuan Province) with their personal savings.  The restaurant grew in China and in 2012, Haidilao opened its first overseas restaurant in Singapore at the popular clubbing and tourist destination Clark Quay.  In 2013, the restaurant opened its first restaurant in United States (Los Angeles).  In 2016, Haldilao’s manufacturing and condiment business, Yihai International became listed on the Hong Kong Stock Exchange and in 2018, Haidilao became listed on the Hong Kong Stock Exchange.  Haidilao is known for its spicy Sichuan hotpot and attentive customer service.  In 2021, , Haidilao had around 800 restaurants worldwide with over 54 million members and more than 100,000 employees.

Family of Haidilao’s Founders Zhang Yong and Shu-Ping

The family fortune of Zhang Yong and Shu-Ping was estimated to be around $30 billion (2021) and was Singapore’s richest family.  The family have became Singapore’s citizens and in 2019,  setup their family office Sunrise Capital Management in Singapore to manage their family assets.

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