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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. [blendlebutton] Instead of working with the typical distribution system, where supermarket owners purchase from food suppliers and then resell to customers at a (much) higher rate, Wodi lets suppliers directly sell their food to its consumers. Because there is no intermediary profit, the prices at Wodi are exceptionally low.
The supermarket has a wide selection of products, offering all kinds of hotpot ingredients, such as a variety of mushrooms, fish, tofu, thin-sliced beef, etc. Besides the classic hotpot ingredients, they also sell sodas, beer, candy and snacks, and even Wodi’s own hotpots to take home (32¥/±4,8US$), all priced at a much lower rate than other well-known hotpot places such as Haidilao (海底捞).
You’re probably wondering – if Wodi does not make much profit from the food it sells, then how do they make money? Enterpreneur Qiu has thought of a new business model for this to be able to provide customers with low-priced qualitative food while still having a profitable business.
“The world’s 2nd time-based hotpot restaurant.”
Wodi’s success formula lies in the original concept of the outlet, that has a supermarket area and a separate dining area. When you have purchased hotpot ingredients in the supermarket, you sit and eat in the Wodi restaurant at a hotpot table – which you rent for a time-based price.
The time-based costs vary on the size of the table and if it is peak hour or not. For a 2-4 person table during quiet hours, customers pay 5¥ (±0.75$) per 15 minutes or 20¥ (±3$) per hour. During the peak hours (17.30-22.30) this is 32¥ (±4.8$) per hour. For larger groups up to 8 people, quiets hours are rated at 40¥ (±6$) and busy hours at 60¥ (±9$). Private rooms are also available for 60¥ (±9$) and 80¥ (±12$).
By working with rentable hotpot tables, Qiu is a pioneer in his field. If you walk into the Wodi venue, a slogan on the wall reads “the world’s 2nd time-based hotpot restaurant” (“全国第二家按用餐时长收费的火锅”). When a journalist from the 36kr.com business news site asked founder Qiu where the world’s 1st time-based hotpot was based, he told them: “There is none. It is just that China’s advertising laws don’t allow companies to use the term ‘the first’/’number one’ (‘第一’), so we turned it into ‘the second’. Actually, we’re the first.”
The first Wodi restaurant in Beijing’s Chaoyang is over 1000 square meter and offers 206 seatings, with maximum table turnover possibilities since the place is opened 24 hours. The Wodi restaurant became popular and packed right after its opening.
“You just need to bring your mobile phone.”
Stepping into the Wodi near the Worker’s Stadium in Beijing, visitors are immediately directed towards the supermarket that has baskets and trolleys for people to put their hotpot food on. The first stop is the touch-screen ordering system for the kind of hotpot you want, which is where one employer gives us a Wodi card that we need to swipe when ordering.
There are multiple types of hotpot stew to choose from – from extremely spicy to non-spicy, from a tomato-base stew to a garlic-based one, or better: have a half/half one so that you can combine two flavors. Most of the stews are priced around 30-35¥ (±4.5-5US$).
Supermarket entrance.
Customers can select and order their favorite hot pot stews through touch screens.
After the order for the hotpot stew is completed, the shopping can begin. The supermarket offers a variety of fresh foods – some great mushrooms and vegetables, soft and hard tofu kinds, noodles, intestines, fish heads, octopus, shrimps, and more. Meat can be ordered and cut at the center counter.
The supermarket counter where an employee slices the meat for you.
Once you’ve collected all you want to eat (no worries, you can always hop back in and out to get more food and drinks), the food is scanned at the special Wodi check out counter, where again you swipe the card to “pay” for it.
Wodi’s supermarket checkout system.
Wodi has a great selection of different hotpot sauces that are all free. The most common one in Beijing is the plain majiang (sesame paste) dipping sauce, but there are many other options available at Wodi including ways to make your hotpot sauce more exciting by adding cilantro, garlic, chili, etc.
Once at the table, your ordered hotpot is prepared by the Wodi staff and hot potting can start. Except for the hot pot placement, Wodi is completely self-service as there are no employees who will serve you drinks or food. You will have to step back into the supermarket to get your own stuff, and cook your own food in the pot.
Wodi does all it can to make their customers as comfortable as possible to make them stay longer at the rented table. Tables have outlets to recharge mobile phones, there is free wifi, hair bands to keep the hair out of your face, and aprons to protect clothes from hotpot stains. In the meantime, the time for the table is counted by every 15 minutes you use it.
When food is finished and the bellies are full, it is time to pay. In a digital-focused store like Wodi, WeChat pay is the way to go, although there are other payment options available. As long as you have WeChat credit, “you just need to bring your mobile phone”, as my fellow hotpotters say, and you’re done. You give employees the Wodi card which you used for the supermarket and the table-time costs are added to it. For three persons spending multiple hours at Wodi eating and drinking, we spent a total of 240¥ (36US$)
For the true hotpot connoisseurs, Wodi might not be your hotpot heaven for its tastes are classic but not as refined as renowned hot pot restaurants in China. But for its price, quality, cleanliness, comfort, and above all, its no-nonsense, self-service, digital approach, Wodi is the place to go.
According to its founder, this is still the “1.0 phase” of Wodi, with the future “2.0 Wodi” offering customers more digital options and services. Keep an eye on this one – it might just be the hot pot paradise China’s digital-loving hot pot foodies have been waiting for.
– By Manya Koetse
Wodi Hotpot Address:
Beijing, Chaoyang,
East Gongti Road 工体东路20号春平广场
1st Floor Chunping Plaza
Branch in Beijing, Wangjing
悠乐汇C座3楼359室
Youlehui C/Building 3, 359
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