Traditional Chinese 呷哺呷哺餐飲管理有限公司 Headquarters China | Simplified Chinese 呷哺呷哺餐饮管理有限公司 Founded 1998 | |
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Hanyu Pinyin Stock price 0520 (HKG) HK$ 5.90 -0.02 (-0.34%)7 Apr, 4:00 PM GMT+8 - Disclaimer Subsidiaries Xiabuxiabu Restaurant Management Co., Ltd. | ||
Xiabu Xiabu Catering Management Co., Ltd. or Xiabu Xiabu (Chinese: 呷哺呷哺; pinyin: Xiābǔ Xiābǔ) is a fast food hot pot restaurant chain in China. Its headquarters is in Daxing District, Beijing.
The company was established in 1998. As of 2012 there are over 300 Xiabu Xiabu restaurants in the cities of Beijing, Shanghai, and Tianjin and in the provinces of Hebei, Jiangsu, and Liaoning.
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.
History
In November 2008 Xiabu Xiabu had 53 locations in Beijing. The company planned to have 60 locations by the end of that year. In 2008 Actis Capital paid $51 million U.S. dollars to acquire a majority stake of Xiabu Xiabu. Actis stated that in a three-year period it wished to increase the number of stores by three times the original number.
In 2012 Actis sold the company to global growth equity firm General Atlantic. Actis intended to be paid $150 million for its sale.