As of 2008, the company used centralized kitchens, and one hot pot meal at Xiabu Xiabu had a cost of 27 renminbi or $4 U.S. dollars.[4]
In November 2008, Xiabu Xiabu had 53 locations in Beijing. The company planned to have 60 locations by the end of that year.[4]
In 2008, Actis Capital paid $51 million U.S. dollars to acquire a majority stake of Xiabu Xiabu.[5] Actis stated that in a three-year period it wished to increase the number of stores by three times the original number.[6]
2012edit
In 2012, Actis sold the company to global growth equity firm General Atlantic.[5] Actis intended to be paid $150 million for its sale.[7] In September 2018, the chain lost £145 million in market value after a customer found a dead rat in her soup at an outlet in Weifang.[8]
As of 2012, there were over 300 Xiabu Xiabu restaurants in the cities of Beijing, Shanghai, and Tianjin and the provinces of Hebei, Jiangsu, and Liaoning.[9]
By 2021, there were 1,077 Xiabu Xiabu (and sister brand Coucou) restaurants.[10]
Referencesedit
^ ab"Company Overview of Xiabu Xiabu Catering Management Co., Ltd." (). Bloomberg Businessweek. Retrieved on August 31, 2014.
^Cheung, Sonja. "Asian Private Equity Starts the Week Hungry for Deals." Wall Street Journal. April 28, 2014. Retrieved on August 31, 2014.
^ ab"Actis invests in leading Hot pot chain, Xiabu Xiabu, completing their recent hat-trick of transactions in the Chinese consumer sector" ( 2014-09-03 at the Wayback Machine). Actis Capital. November 11, 2008. Retrieved on August 31, 2014.
^ abYuen, Alvina. "Actis exits hotpot chain Xiabu Xiabu to General Atlantic." Asian Venture Capital Journal. Incisive Media Investments Limited/Incisive Financial Publishing Limited, December 13, 2012. Retrieved on August 31, 2014.
^"UPDATE 1-Actis buys major stake in Beijing hot pot company" ([1]). Reuters. Tuesday November 11, 2008. Retrieved on August 31, 2014.
^Cheung, Sonja. "Actis Sells Stake in Chinese Hot Pot Chain Xiabu Xiabu." LBO Wire, Dow Jones & Company, Inc. December 13, 2012. Document DJFLBO0020121213e8cdfx6sb. "Actis, which specializes in emerging markets, bought a majority stake in Xiabu Xiabu for $50 million in 2008, and the firm planned to sell its stake for $150 million, according to media reports in April."
^"Xiabu Xiabu restaurant loses £145m after pregnant woman finds dead rat in soup". Sky News. 13 September 2018.
^"Xiabu Xiabu Completes Investment" ( 2014-09-21 at the Wayback Machine). General Atlantic. 12.13.2012. Retrieved on August 31, 2014.
^"Hotpot Chain Xiabu Xiabu Comes to a Post-Pandemic Simmer With 58% Revenue Boost - Caixin Global". www.caixinglobal.com. Retrieved 2023-01-05.
External linksedit
Wikimedia Commons has media related to Xiabu Xiabu.
xiabu, xiabu, catering, management, chinese, 呷哺呷哺, pinyin, xiābǔ, xiābǔ, fast, food, restaurant, chain, china, headquarters, daxing, district, beijing, 呷哺呷哺native, name呷哺呷哺company, typepublictraded, assehk, 520industryrestaurantfounded1998, 1998, headquartersb. Xiabu Xiabu Catering Management Co Ltd 1 or Xiabu Xiabu Chinese 呷哺呷哺 pinyin Xiabǔ Xiabǔ is a fast food hot pot restaurant chain in China 2 Its headquarters is in Daxing District Beijing 3 Xiabu Xiabu呷哺呷哺Native name呷哺呷哺Company typePublicTraded asSEHK 520IndustryRestaurantFounded1998 1998 HeadquartersBeijing ChinaWebsitewww wbr xiabu wbr com Xiabu Xiabu Catering Management Co Ltd Simplified Chinese呷哺呷哺餐饮管理有限公司Traditional Chinese呷哺呷哺餐飲管理有限公司TranscriptionsStandard MandarinHanyu PinyinXiabǔ Xiabǔ Canyǐn Guǎnlǐ Yǒuxiangōngsi Headquarters Xiabu Xiabu restaurant at West Yan an Road Station in Shanghai Contents 1 History 1 1 Founding in 1998 1 2 Business expansion 1 3 2012 2 References 3 External linksHistory editThis section needs expansion You can help by adding to it August 2014 Founding in 1998 edit The company was established in 1998 1 Business expansion edit As of 2008 the company used centralized kitchens and one hot pot meal at Xiabu Xiabu had a cost of 27 renminbi or 4 U S dollars 4 In November 2008 Xiabu Xiabu had 53 locations in Beijing The company planned to have 60 locations by the end of that year 4 In 2008 Actis Capital paid 51 million U S dollars to acquire a majority stake of Xiabu Xiabu 5 Actis stated that in a three year period it wished to increase the number of stores by three times the original number 6 2012 edit In 2012 Actis sold the company to global growth equity firm General Atlantic 5 Actis intended to be paid 150 million for its sale 7 In September 2018 the chain lost 145 million in market value after a customer found a dead rat in her soup at an outlet in Weifang 8 As of 2012 there were over 300 Xiabu Xiabu restaurants in the cities of Beijing Shanghai and Tianjin and the provinces of Hebei Jiangsu and Liaoning 9 By 2021 there were 1 077 Xiabu Xiabu and sister brand Coucou restaurants 10 References edit a b Company Overview of Xiabu Xiabu Catering Management Co Ltd Bloomberg Businessweek Retrieved on August 31 2014 Cheung Sonja Asian Private Equity Starts the Week Hungry for Deals Wall Street Journal April 28 2014 Retrieved on August 31 2014 联系我们 Xiabu Xiabu Retrieved 2022 03 07 北京市大兴区黄村镇孙村工业开发区海鑫南路15号 呷哺呷哺餐饮管理有限公司 a b Actis invests in leading Hot pot chain Xiabu Xiabu completing their recent hat trick of transactions in the Chinese consumer sector Archived 2014 09 03 at the Wayback Machine Actis Capital November 11 2008 Retrieved on August 31 2014 a b Yuen Alvina Actis exits hotpot chain Xiabu Xiabu to General Atlantic Asian Venture Capital Journal Incisive Media Investments Limited Incisive Financial Publishing Limited December 13 2012 Retrieved on August 31 2014 UPDATE 1 Actis buys major stake in Beijing hot pot company 1 Reuters Tuesday November 11 2008 Retrieved on August 31 2014 Cheung Sonja Actis Sells Stake in Chinese Hot Pot Chain Xiabu Xiabu LBO Wire Dow Jones amp Company Inc December 13 2012 Document DJFLBO0020121213e8cdfx6sb Actis which specializes in emerging markets bought a majority stake in Xiabu Xiabu for 50 million in 2008 and the firm planned to sell its stake for 150 million according to media reports in April Xiabu Xiabu restaurant loses 145m after pregnant woman finds dead rat in soup Sky News 13 September 2018 Xiabu Xiabu Completes Investment Archived 2014 09 21 at the Wayback Machine General Atlantic 12 13 2012 Retrieved on August 31 2014 Hotpot Chain Xiabu Xiabu Comes to a Post Pandemic Simmer With 58 Revenue Boost Caixin Global www caixinglobal com Retrieved 2023 01 05 External links edit nbsp Wikimedia Commons has media related to Xiabu Xiabu in Chinese Xiabu Xiabu Xiabu Xiabu General Atlantic Retrieved from https en wikipedia org w index php title Xiabu Xiabu amp oldid 1210837196, wikipedia, wiki, book, books, library,
