Shares of China hotpot chain Haidilao surge 20% as Covid-19 cost cuts bear fruit
February 27, 2023 1:05 PM
HONG KONG – Shares of China’s hotpot chain Haidilao International Holding jumped the most in a year after the firm forecast a return to profitability, underscoring bets for a revival in consumption in the world’s No. 2 economy.