The latest funding round valued SAIC Motor Corp.-affiliated Xiangdao at $1 billion. Largest shareholder SAIC Motor, self-driving company Momenta and Gaohang (Tianjin) Management Consulting led the fundraising. Catering / Haidilao's profit warning has a silver lining for investors Haidilao International Holding Ltd. estimates it swung back to a loss in the first half of 2022 as the Chinese hotpot chain downsized its business in ways that cheered investors enough to send its stock price soaring. In an exchange filing Sunday, Hong Kong-listed Haidilao predicted it will report a net loss of between 225 million yuan ($33 million) and 297 million yuan for the six months through June, as compared with last year's first-half profit of 96.5 million yuan. It said it expected first-half revenue to fall at least 17% year-on-year to 16.7 billion yuan.