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Haidilao hotpot queen opens family office in Singapore to manage wealth

Bloomberg
Bloomberg • 3 min read
Haidilao hotpot queen opens family office in Singapore to manage wealth
Shu Ping has a net worth of $10.7 billion, making her one of Singapore's richest.
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(Mar 5): The billionaire behind Haidilao International Holding, the world’s biggest chain of hotpot restaurants, has opened a family office in Singapore to help manage her wealth.

Shu Ping was appointed the sole shareholder and director of Sunrise Capital Management in July, according to filings lodged with Singapore’s national regulator of business entities. Shu co-founded Hong Kong-listed Haidilao with her husband Zhang Yong and two others.

Haidilao is best known for its string of Chinese spicy soup restaurants, some of which also offer free massages and manicures to waiting customers. What started as a humble family business in 1994 is now a food-service giant with almost 600 outlets spanning Beijing to New York.

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