Haidilao International Holding Ltd (6862.HK)

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HaiDiLao International Holding Ltd Profile

HaiDiLao International Holding Ltd (6862.xhkg) is a hot pot chain of restaurants founded in Sichuan, China. HaiDiLao restaurants typically operate under the name Haidilao Hot Pot. It is the largest hotpot chain in China. Haidilao Hot Pot serves an average of 160 million customers in, 400 locations including six hot pot restaurants in the United States, and has over 60,000 employees. HaiDiLao International Holding Ltd (6862.xhkg) is traded on the Hong Kong Stock Exchange (SEHK), and its current market cap is $159.40B (USD). In 2018 HaiDiLao has partnered with Panasonic to launch their first "smart" restaurant. This smart restaurant relies on artificial intelligence (AI) and the internet of things technologies (IoT), such as robotics, and image recognition technology, to fully automated kitchens. However, HaiDiLao’s scandal over privacy violations has put the company in some serious trouble since the company has installed about 60 surveillance cameras in its Canadian branches. Being accused of having imported China’s Credit Program into Canada, HaiDiLao International Holding Ltd (6862.xhkg) stock has had a remarkable depreciation of its value and it is now characterized by analysts as China’s worst stock.

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