Quhuo Limited, through its subsidiaries, operates a workforce operational solution platform in the People's Republic of China. The company provides tech-enabled and end-to-end operational solutions to blue-chip on-demand consumer service businesses in industries with e-commerce exposure, including delivery, ride-hailing, housekeeping, and bike-sharing. It also offers on-demand delivery solutions for industry customers with focus on items, such as grocery, and prepared and fresh food; ride hailing solutions for ride-hailing companies; housekeeping solutions and other services for short-term rental properties and hotel cleaning services; and shared-bike maintenance solutions to address the demand for maintenance and distribution services from bike-sharing companies. In addition, the company develops computer software and applications. Quhuo Limited was founded in 2012 and is based in Beijing, the People's Republic of China.
IPO Year: 2020
Exchange: NASDAQ
Website: quhuo.cn
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/28/2021 | $8.00 → $3.00 | Buy | Roth Capital |
BEIJING, Nov. 14, 2024 /PRNewswire/ -- During the 7th China International Import Expo (CIIE), Quhuo International, the overseas division of Quhuo Limited (NASDAQ:QH), announced a strategic partnership with Panasonic Navinfo Mobility Technology Service (Beijing) Co., Ltd. ("Panasonic Navinfo"), a joint venture company. The collaboration aims to strengthen export support for new energy vehicles (NEVs) through technological and service innovation, improve full-process management, and help Chinese NEVs excel in the global market. The used NEV market holds vast potential but faces challenges such as difficulty in assessing battery conditions, lack of transaction security, and limited after-sales
BEIJING, Oct. 30, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH), a leading gig economy platform focusing on local life services in China, reported strong performance from its homestay division, Chengtu Home ("Chengtu"), during the National Day holiday. According to data released by Quhuo, GMV for the 7-day period was up 92% year-over-year, with average daily GMV up 123%. Peak occupancy reached 90% of available rooms. According to estimates from the Ministry of Culture and Tourism of China, approximately 765 million domestic trips were made during the National Day holiday in 2024, a 5.9% increase year-over-year. In response to this travel surge, Chengtu initiated an early business upgrade i
BEIJING, Oct. 17, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, today announced that it received notification from The Nasdaq Stock Market LLC ("Nasdaq") confirming the Company has regained compliance with Nasdaq's minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5450(b)(1)(C) and minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). The Company is now in compliance with all Nasdaq continued listing criteria. About Quhuo Limited Quhuo Limited is a leading gig economy platform focusing on local life services in China. Leveraging Quhuo+, its pro
BEIJING, Sept. 26, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, has announced the launch of a new booking platform with six functional room types through its homestay division, Chengtu Home ("Chengtu"). This development is designed to offer users a broader range of high-quality accommodation choices, representing a significant advancement in Chengtu's service capabilities. In September 2024, Chengtu launched its booking platform following successful internal testing. This milestone marks the brand's progress in independent operations and private user management. Since its inception, Chengt
BEIJING, Sept. 11, 2024 /PRNewswire/ -- Recently, Song Penghua, a rider for Quhuo Limited (NASDAQ:QH) ("Quhuo" or "the company"), a leading gig economy platform focusing on local life services, was honored as the model worker, as the only delivery rider, in Henan Province. This accolade follows his previous recognition as a model worker in Zhengzhou City last year. These honors affirm his personal achievements and underscore the growing significance of new forms of employment in China's economic and social development. In recent years, roles such as delivery riders and ride-hailing drivers have become integral parts of China's workforce. The Ninth National Workforce Survey conducted by the
BEIJING, Sept. 4, 2024 /PRNewswire/ -- Recently, Quhuo International, the overseas division of Quhuo Limited (NASDAQ:QH), and GET Holdings established a strategic partnership in Azerbaijan with electric vehicle (EV) dealer Volt Auto and mobility platform Bolt. This strategic partnership aims to boost EV adoption, improve ride-hailing services, and enhance local lifestyle services, marking a key step in Quhuo International's global strategy. The global EV market is booming, with sales hitting nearly 14 million units in 2023, which accounted for one-fifth of total vehicle sales worldwide, as reported by the International Energy Agency (IEA). In response, Quhuo initiated its overseas division,
BEIJING, Aug. 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2024. Financial and Operational Highlights for the First Half of 2024 Revenues from mobility service solutions were RMB 100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.General and administrative expenses were RMB70.9 million (US$9.8 million), representing a decrease of 13.2% year-over-year.Quhuo International has signed service contracts for over 3,000 units of vehicles under its vehicle export soluti
Revenues from mobility service solutions were RMB100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.Quhuo International shipped 815 vehicles under its vehicle export solutions.The Company has expanded services to 132 cities nationwide, representing a 21.4% year-over-year increase.BEIJING, Aug. 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2024. Amid a complex global economy and widespread market uncertainties, Quhuo has maintained steady growth through precise str
BEIJING, Aug. 26, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the first half of 2024 before the open of the U.S. markets on Wednesday, August 28, 2024. The Company's management will hold a conference call on Wednesday, August 28, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results. Dial-in details for the earnings conference call are as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-346-8982 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-902-
BEIJING, June 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ( "Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, reported significant performance improvements in its homestay sector during the 2024 Labor Day holiday. Its homestay sector operated by Chengtu Home ("Chengtu"), achieved an average occupancy rate of 79%, with sales increasing by 45% year-over-year. On the busiest day, the occupancy rate peaked at 88%, and sales surged by 31% from the previous year. In recent years, as the domestic tourism sector rebounds, homestays have become an increasingly popular lodging choice. Statistics from China's Ministry of Culture and Tourism show
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Roth Capital reiterated coverage of Quhuo with a rating of Buy and set a new price target of $3.00 from $8.00 previously
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BEIJING, Aug. 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2024. Financial and Operational Highlights for the First Half of 2024 Revenues from mobility service solutions were RMB 100.5 million (US$13.8 million), representing an increase of 71.7% year-over-year.General and administrative expenses were RMB70.9 million (US$9.8 million), representing a decrease of 13.2% year-over-year.Quhuo International has signed service contracts for over 3,000 units of vehicles under its vehicle export soluti
BEIJING, Aug. 26, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the first half of 2024 before the open of the U.S. markets on Wednesday, August 28, 2024. The Company's management will hold a conference call on Wednesday, August 28, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results. Dial-in details for the earnings conference call are as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-346-8982 PARTICIPANT INTERNATIONAL DIAL IN: 1-412-902-
Vehicle export service contracts for 3,000 units have been signed, of which over 1,900 units have been shipped and generated revenues of RMB 154.5 million.SaaS+ services empowered housekeeping and accommodation solutions and other services, driving a significant increase in profitability.BEIJING, April 3, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company", "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2023, with significant financial results and successful identifying the company's second growth curve which were vehicle export solut
BEIJING, April 3, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2023. Financial and Operational Highlights for the Second Half of 2023 Revenues from vehicle export solutions that were launched in May 2023 were RMB142.5 million (US$20.1 million), accounting for 81.3% of revenues from mobility solution services, driving a 239.6% year-over-year increase in the latter's revenue.Net income was RMB11.7 million (US$1.6 million), representing a year-over-year increase of 15.0% from RMB10.
BEIJING, March 28, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2023 before the open of the U.S. markets on Wednesday, April 3, 2024. The Company's management will hold a conference call on Wednesday, April 3, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results. Dial-in details for the earnings conference call are as follows: PARTICIPANT DIAL IN (TOLL FREE): 1-888-346-8982 PARTICIPANT INTERNATIONAL DIAL IN: 1
BEIJING, Aug. 31, 2023 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months ended June 30, 2023. Financial and Operational Highlights for the First Half of 2023 Revenues from mobility solution services were RMB58.5 million (US8.1 million), representing an increase of 3.6% year-over-year.Net loss was RMB5.7 million (US$0.8 million), representing a decrease of 78.6% year-over-year.Adjusted net loss was RMB1.8 million (US$0.3 million), representing a decrease of 87.0% year-over-year.Quhuo International has signed service contra
BEIJING, Aug. 28, 2023 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the first half of 2023 before the open of the U.S. markets on Thursday, August 31, 2023. The Company's management will hold a conference call on Thursday, August 31, 2023, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results. For participants who wish to join the call using dial-in numbers, please preregister online prior to the call to receive the dial-in details. Conference Call Pre
BEIJING, April 14, 2023 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2022. Financial Highlights for the Second Half of 2022 Operating income was RMB43.7 million(US$6.3 million), compared with an operating loss of RMB54.2 million in the same period in 2021.Net income was RMB10.2 million (US$1.5 million), compared with net loss of RMB71.7 million in the same period in 2021.Adjusted net income was RMB17.4 million (US$2.5 million), compared with adjusted net loss of RMB53.0 million in the
BEIJING, April 11, 2023 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on life services in China, today announced that it will report unaudited financial results for the second half and full year 2022 before the open of the U.S. markets on Friday, April 14, 2023. The Company's management will hold a conference call on Friday, April 14, 2023, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong time on the same day) to discuss the unaudited financial results. For participants who wish to join the call using dial-in numbers, please preregister online prior to the call to receive the dial-in details. Conference C
BEIJING, Nov. 15, 2022 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on community-centered services in China, today announced its unaudited financial results for the six months ended June 30, 2022. Financial and Operational Highlights for the First Half of 2022 Revenues from mobility service solutions, including shared-bike maintenance, ride hailing and freight solutions, increased 32.2% year-over-year.Revenues from housekeeping and accommodation solutions increased 24.7% year-over-year.Gross profit increased 89.6% year-over-year.Gross margin was 5.0%, as compared to 2.7% in the first half of 2021.Adjusted EBITDA wa
BEIJING, Feb. 28, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced the appointment of two executive officers. The board of directors of the Company has appointed Ms. Wenting Ji as the chief financial officer of the Company and Ms. Yanjun Liu as the chief operating officer of the Company, both effective from February 28, 2024. Prior to joining the Company, Ms. Wenting Ji served as the chief financial officer of Xiaoyezi Music Technology Group from July 2022 to August 2023. Prior to that, Ms. Ji served as the chief financial officer of Quhuo Limited (NASDAQ:QH) from January 2019 to July 2
BEIJING, Feb. 20, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ:QH), a leading gig economy platform focusing on local life services in China, today announced the results of the Company's 2023 annual general meeting of shareholders ("2023 AGM") held on February 19, 2024 at 10:00 a.m. (local time) in Beijing, China. The proposals submitted for shareholder approval at the 2023 AGM have been approved. Specifically, the shareholders have passed the resolutions approving (1) the ratification of the appointment of Marcum Asia CPAs LLP as the independent registered public accounting firm for the fiscal year ended December 31, 2023; (2) the increase of the Company's authorized
BEIJING, Jan. 17, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ:QH), a leading gig economy platform focusing on local life services in China, today announced that it will hold its 2023 annual general meeting of shareholders at 3rd Floor, Block A, Tonghui Building, No. 1132 Huihe South Street, Chaoyang District, Beijing 100020, The People's Republic of China on February 19, 2024, at 10:00 a.m. (local time). The proposals to be submitted for shareholders' approval at the annual general meeting include (1) by way of an ordinary resolution, the ratification of the appointment of Marcum Asia CPAs LLP as the independent registered public accounting firm for the fiscal year
BEIJING, Nov. 14, 2022 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ:QH), a leading gig economy platform focusing on community-centered services in China, today announced that it will hold its 2022 annual general meeting of shareholders at 3rd Floor, Block A, Tonghui Building, No. 1132 Huihe South Street, Chaoyang District, Beijing 100020, The People's Republic of China on December 29, 2022, at 10:00 a.m. (local time). The proposals to be submitted for shareholders' approval at the annual general meeting include (1) the ratification of the appointment of each of Mr. Gang Wang and Ms. Wenying Lyu as a director of the board of directors of the Company (the "Board"), and (2)
BEIJING, Nov. 4, 2022 /PRNewswire/ -- Quhuo Limited ("Quhuo" or "the Company") (NASDAQ:QH), a leading tech-enabled workforce operational solution platform in China, today announced the appointment of Marcum Asia CPAs LLP ("MarcumAsia") as the Company's independent registered public accounting firm, effective from October 31, 2022. On the same date, the Company dismissed Ernst & Young Hua Ming LLP ("EY"). The change of the Company's independent auditor was made after careful consideration and evaluation process and was approved by the audit committee (the "Audit Committee") of the board of directors (the "Board") and the Board. EY's audit reports on the Company's consolidated financial statem
BEIJING, Sept. 23, 2022 /PRNewswire/ -- Quhuo Limited (NASDAQ:QH) ("Quhuo," the "Company," "we" or "our"), a leading tech-enabled workforce operational solution platform in China, today announced the appointment of Ms. Wenying Lyu as a director to its board of directors (the "Board"), effective September 23, 2022. After the change, the Board will consist of eight members, three of whom are independent directors. Ms. Lyu currently serves as the Head of the Strategic Investment Management Department of Baidu, a leading AI company with a strong Internet foundation. Prior to joining Baidu in October 2019, Ms. Lyu had nine years of experience in investment banking from China International Capital
BEIJING, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ:QH), a leading tech-enabled workforce operational solution platform in China, today announced that it will hold its 2021 annual general meeting of shareholders at 3rd Floor, Block D, Tonghui Building, No. 1132 Huihe South Street, Chaoyang District, Beijing 100020, The People's Republic of China on October 29, 2021, at 10:00 a.m. (local time). The proposals to be submitted for shareholders' approval at the annual general meeting include (1) the ratification of the appointment of Ms. Wenting Ji as a director of the board of directors of the Company (the "Board"), and (2) the ratification of the appo
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On the busiest day, the occupancy rate peaked at 88%, and sales surged by 31% from the previous year.
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