Chinese restaurant chain Wodi Hotpot (卧底火锅) is the new kid on the block in hot pot land. The start-up is China’s first digital self-service hot pot supermarket and restaurant. Combining China’s new digital trends with traditional tasty cuisine, Wodi is the typical post-1985 generation’s place to be. What’s on Weibo tried it out for you. [This is a premium content article.]
Hot pot cravings can come at any time. For those who want a tasty and affordable hot pot, whether it is in the wee hours of the morning or in the late hours of the night, there is a new popular Chinese 24-hour hot pot self-service supermarket & restaurant where digital is key.
It is not just its 24/7 opening hours and digital order-and-pay system that make this place special; their online-to-offline business model, supplier dynamics and revenue model all make Wodi Hot Pot (卧底火锅) a pioneering company in the wonderful world of Chinese hot pot.
‘Hot pot’ in Chinese is huǒguō (火锅), literally: ‘fire pot’. It has a history of over 1000 years, and it is generally agreed that the Chinese hotpot tradition must have come from Mongol warriors who camped outside and had dinner together circled around a pot on the fire. The idea is that while the hot pot brew is kept boiling, fresh ingredients are placed into the pot and are cooked at the table. Nowadays, hot pot tastes vary greatly across different regions in China, but what matters most is its enjoyment: sitting with friends and family around the boiling stew, sharing food, eating slowly, and talking.
The founder of Wodi, Qiu Xingxing (邱星星), once had the most delicious hotpots for 30 days straight in Chongqing and Sichuan. He then jokingly told his friend he would one day start his own hotpot restaurant. And it came true. The “digital self-service restaurant” Wodi Hot Pot first opened its doors to hot pot lovers in Beijing in January of 2016. The online platform of Wodi was established in October of 2015, with the offline supermarket/restaurant following a few months later.
Wodi’s Qiu Xingxing (see picture) is a post-1985 Chinese online entrepreneur who also co-founded the successful WOWO (55tuan.com), which is also known as ‘the Groupon of China’. Qiu is no stranger to e-commerce and its extreme potential; WOWO was the first Chinese company of its kind to be listed on the NASDAQ stock exchange in 2015.
In a way, Wodi is a typical Chinese post-1980 or post-1985 generation outlet. The post-1980s is a generation that is known for still valuing tradition but also being creative and innovative and not afraid to try out new things.
Wodi is described as a “Hot Pot Online to Offline Platform” (火锅O2O平台) by Chinese media, as its online business lies at the core of the company. On Weibo, Wodi calls itself “the world’s biggest online hotpot platform” (全球最大的互联网火锅平台), through which customers are driven to visit their offline stores. Wodi is well-known for its online food delivery services. Although ordering in hot pot is popular and convenient, going to the actual Wodi “offline restaurant” (线下门店) for some hot shopping and dining is far more exciting.
“It’s fu*king cheap!”
Dining at this new hot pot chain is not just a nice experience, it is also surprisingly affordable. “It’s fu*king cheap!” allegedly is a catchphrase often used by Wodi’s young customers, founder Qiu Xingxing tells Ebrun magazine.
So much to choose from in the Wodi Hotpot supermarket.
One of the main reasons the Wodi Hotpot supermarket is relatively inexpensive is because Qiu decided to drastically change the supplier/supermarket dynamics in the Wodi outlet.