Zhang Yong: The King Of Hotpot
SME Magazine Singapore|October 2019
“Zhang would leave his low-wage jobs and opened his first shop in 1994 with only 4 tables in a small booth. He’s admitted that he didn’t even have a cooking background, or a strong handle on preparing the traditional Sichuan hotpot dish, he told Forbes.”
Zhang Yong: The King Of Hotpot

Food! Glorious Food!” That is the name of the famous song everyone can relate to from the 1968 musical “Oliver!” Everyone can relate to good food. In this world of many diverse cultures and languages, good food is the one thing that can bring everyone together.

As many of you might know by now, good food has an almost magical way of making you happy. Even more so when you are sharing that food around friends and family while making merry. Each culture around the world has developed some sort of feast and cuisine that is meant to be shared. Such communal eating not only provides delicious meals, but uplifts the spirit of the feasters.

The Chinese hotpot is one such cuisine. It is a delicious and fun communal eating experience that is thought to hail from Eastern China. Typically, it involves a huge bowl of broth placed in the centre of a table that is heated there via induction or flame. Ingredients ranging from raw vegetables to thinly sliced meats are also placed on the table (or sometimes on a nearby cart) so that diners can submerge them in the broth to cook before eating.

While it is certainly a popular Chinese dish that you’ll stumble upon when traveling in China, it isn’t terribly common elsewhere, with the exception of a few different variations in other Asian countries. However, a few enterprising individuals have found themselves with the opportunity to spread the joys of hotpot throughout the world. Hotpot is now growing in popularity all over the globe and there are no signs of it slowing down.

If there is one name that has become synonymous with hotpot as of late, it would be Zhang Yong, CEO and founder of Haidilao. Zhang’s story is that of the classic underdog. Through his entrepreneurial nature and perseverance, he was able to go from a high-school dropout to a world renown magnate and one of Singapore’s richest restaurateur.

This story is from the October 2019 edition of SME Magazine Singapore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the October 2019 edition of SME Magazine Singapore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM SME MAGAZINE SINGAPOREView All
Cloud- Driven Recovery
SME Magazine Singapore

Cloud- Driven Recovery

With digital transformation being an important catalyst for Malaysia’s inclusive economic recovery, cloud computing plays an important role that enables . the country to acquire the advantages that technology offers.

time-read
5 mins  |
Issue 40, 2021
SME Magazine Singapore

Live Werkz: Venturing Beyond Southeast Asia

Being forward-looking in its approach has enabled LiveWerkz Pte Ltd to survive the Covid-19 pandemic, says vice president Tricia Ng. Despite being a Singaporean company, the company does not focus its efforts in the Southeast Asia region. Instead, Greater China and the Middle East become the foundation for its businesses. Ng tells SME the company’s strategies in facing a challenging future.

time-read
2 mins  |
Issue 42, 2021
SME Magazine Singapore

Singapore's Go Digital Well Received

More than 78,000 of Singapore’s SMEs have participated in the country’s Go Digital programme since its 2017 launch, with more about 40,000 becoming participants last year, including 30,000 that received Covid-19 incentives from the government.

time-read
2 mins  |
Issue 42, 2021
Accountants And SMEs: Creating A Sustainable World
SME Magazine Singapore

Accountants And SMEs: Creating A Sustainable World

For SME finance professionals, ‘sustainability’ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.

time-read
5 mins  |
Issue 42, 2021
Rebuilding Our Mental Well-Being In Sales
SME Magazine Singapore

Rebuilding Our Mental Well-Being In Sales

Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.

time-read
2 mins  |
Issue 42, 2021
Omicron: A Test Of Resilence
SME Magazine Singapore

Omicron: A Test Of Resilence

Global manufacturers have been facing a supply chain crisis since the start of the year. Just as it appeared that the situation was beginning to stabilise, the Omicron Covid variant reared its ugly head.

time-read
6 mins  |
Issue 42, 2021
Silver Lining In The Cloud
SME Magazine Singapore

Silver Lining In The Cloud

Although RAS Security Pte Ltd’s business was adversely affected by the pandemic, there’s a silver lining in the cloud. The occurrence has necessitated the company to innovate its business model to remain viable and led to the discovery of new areas of security service provision. Managing director Tejdeep Singh shares his journey.

time-read
2 mins  |
Issue 40, 2021
SME Magazine Singapore

Accelerating Artificial Intelligence

Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.

time-read
2 mins  |
Issue 40, 2021
Three Tips For Hiring Top Talents
SME Magazine Singapore

Three Tips For Hiring Top Talents

BIG EGOS LOSE TALENTS First up, when it comes to hiring, you must put aside your ego.

time-read
2 mins  |
Issue 40, 2021
The Economy Is Recovering, But What About People?
SME Magazine Singapore

The Economy Is Recovering, But What About People?

All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.

time-read
3 mins  |
Issue 40, 2021