date:Mar 03, 2014
ea of central Beijing was reduced to cut costs. The company has closed 10 restaurants so far.
XE Flavor also dropped high-priced dishes from its menu and eliminated minimum charges.
Li Qiang, secretary of the board of XE Flavor, said on Friday that the company aims to return to profitability this year by investing in diversified businesses including environmental protection and culture.
The company acquired Hefei Tianyan Green Energy Development Co Ltd in December. It also made an investment