Hi there Inkstoners, It’s Juliana here. Yes, it’s true, the Chinese are obsessed with food. That’s not a surprise, given its thousand-plus years of culinary traditions. Each region in this continent-sized country has its own specialties. And as many of you know, the Chinese diaspora has produced many favorites, including America’s General Tso’s chicken, India’s vegetable Manchurian and Britain’s crispy duck. Growing up in the 1980s in a smallish Chinese city, the culinary offerings weren’t great, to be honest. There was some yummy street food (my fave was fried stinky tofu with garlic and chili), but restaurants weren’t a thing at all. Since then, of course, the restaurant scene in China has exploded. The latest blockbuster? Hotpot chain Haidilao. Hotpot is eaten a little like fondue: diners cook slices of raw food in a rolling-hot broth and dunk it all in fragrant, spicy sauce. Haidilao has just raised nearly $1 billion in an IPO in Hong Kong. And on the first day of trading, its shares soared. Read our first story to find out why this hotpot chain is a culinary unicorn, 12 times over. |
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