Chin's most popular hotpot chain Haidilao saw its shares jump as much as 10 percent in early trading as it made its debut¹ in the Hong Kong market on Wednesday.

 

海底捞周三在香港挂牌交易，早盘股价一度上涨10%。

 

The hotpot giant is famous for the high standard of customer service they provide, such as the entertainment offered to customers while they wait for a table.

 

Compared to its initial² public offering (IPO) price of 17.80 Hong Kong dollars (2.28 U.S. dollars), Haidilao opened at 18.80 Hong Kong dollars. The shares rose to 19.64 Hong Kong dollars in early trade.

 

Haidilao is focused on expanding into the global market, according to the company's Chief Strategy Officer Zhou Zhaocheng. He said Haidilao will open up to 220 new restaurants this year, of which as many as 10 percent will be outside China.

 

China's hotpot market revenue³ reached 385.6 billion yuan last year, an increase of almost 25 percent on the previous year.

 

Haidilao has been ranked as the leading performer in China's restaurant industry from 2015 to 2017. Its revenue exceeded 10 billion yuan last year, a record high for a catering⁴ company in China.

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