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Xibei Confirms Closure of 102 Restaurants in First-Quarter Pullback

The move signals a pivot toward cost discipline in high-rent hubs after years of rapid mall expansion.

Overview

  • Founder Jia Guolong said in a public post that the closures will be executed across the first quarter of 2026.
  • A circulated list indicates the biggest impacts in top-tier cities, including 19 sites in Shanghai, 10 in Beijing, 8 in Shenzhen and 5 in Guangzhou.
  • Xibei pledged to pay full wages to departing staff and said stored-value cards can be refunded immediately or used at other locations.
  • Some outlets will close after fulfilling Lunar New Year banquet bookings, while others remain subject to rent negotiations or contract expiry decisions.
  • Industry data show Xibei operates 334 stores in major malls nationwide, with dense footprints in Shanghai, Beijing and Guangdong that are now being rebalanced.