Haidilao announced the return of Yang Lijuan, a 31-year veteran and former CEO of its overseas business, to the parent company to address stagnating revenues and declining profits. Despite shedding over 11,000 employees and closing underperforming restaurants, Haidilao's profit fell 14% in 2025 amid a 7.5% drop in customer visits. Yang previously turned the company profitable after a major loss in 2021 and is expected to leverage her experience to rejuvenate Haidilao's growth. The company is also focusing on expanding higher-margin franchise operations, take-out services, and new brands to adapt to a slowing hotpot market in China.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Alpaca, a brokerage infrastructure startup, secured $435 million in funding to enter prime brokerage services, challenging traditional Wall Street firms. The company’s API supports 94% of US equities and powers tokenized stocks for Kraken. Alpaca’s t...
Raymond James Financial's rating was raised to "Buy" after positive investor event disclosures and a promising preview of its upcoming quarterly results. The company is expected to exceed earnings per share consensus for Q3 FY26, driven by strong per...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Whales have accumulated 70 million XRP over the past week, showing strong confidence despite XRP's price consolidating below resistance levels. The XRP Ledger surpassed 8 million activated accounts, indicating growing network adoption across payments...
