Haidilao International Holding Ltd, (Chinese: 海底捞火锅) is a chain of hot pot restaurants founded in Sichuan Province, China in 1994. Its restaurants typically operate under the name Hai Di Lao Hot Pot. The name of the company originates from a mahjong term in Sichuan, haidilao, literally meaning "fortune". At an early phase, it was a small shop selling malatang. Later it developed and expanded its menu range. Zhang Yong, who came from a small village in Sichuan, is the CEO of the company. In addition to many locations in China, the company has restaurants in Hong Kong, Singapore, Taiwan, South Korea, and Japan. The first US outlet opened in Westfield Santa Anita (California) in September 2013. Founded as a privately-held company, Haidilao filed to launch an initial public offering (IPO) in Hong Kong in 2018, aiming to raise up to US$700 million for further expansion.
Zhang Yong is a Chinese billionaire businessman, and the founder of the Haidilao International Holding Ltd restaurant group, best known for its Hai Di Lao chain of hot pot restaurants. Zhang Yong was born and grew up in rural Sichuan province. He started work as a welder, and did not eat in a restaurant until he was 19. In 2011, he published a book, Learn from Hai Di Lao. As of September 2018, Forbes estimated his net worth at $8.3 billion, making him China's richest restaurateur.