News for Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (0520.HK)

Key Takeaways: Xiabuxiabu is cutting prices and introducing cheap combos in the face of challenges posed by growing consumer caution and intense competition The company warned it will report a loss in the first half of this year, as it closes most of its Shaohot high-end barbecue restaurants just months after opening them

Key Takeaways: Xiabuxiabu has projected falling revenue and a bigger net loss for last year, but business was already rebounding in the second half The company is planning to open new Chinese outlets and expand more aggressively overseas, working with platforms such as Douyin to cash in on a post-Covid dining recovery

Xiabuxiabu has projected falling revenue and a bigger net loss for last year, but business was already rebounding in the second half. Find out more here.