Chinese gig economy platform Quhuo's H1 revenue hits RMB1.13 bln

Reuters09-26

Chinese gig economy platform Quhuo's H1 revenue hits RMB1.13 bln

Overview

Quhuo H1 2025 revenue reaches RMB1.13 bln amid competitive market conditions
Housekeeping and accommodation revenue up 70.8% yr/yr, driven by Chengtu (homestay business) growth
Co partners with JD.com for delivery services, expands beef supply chain with NIU World

Outlook

Quhuo expects economies of scale in delivery to materialize in H2
Company expects profitability in on-demand delivery to materialize in H2
Company sees JD.com partnership as revenue opportunity in food delivery

Result Drivers

ON-DEMAND DELIVERY - Quhuo optimized workforce management and exited underperforming sites to improve operational quality amid intensified competition
HOUSEKEEPING GROWTH - Revenue from housekeeping and accommodation surged 70.8% yr/yr, with Chengtu achieving an 83.6% increase
NEW PARTNERSHIPS - Partnership with JD.com and expansion of beef supply chain with NIU World expected to drive incremental revenue

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
H1 Revenue		RMB 1.13 bln

Press Release: ID:nPn1TpCd9a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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Quhuo optimized workforce management and exited underperforming sites to improve operational quality amid intensified competitionHOUSEKEEPING GROWTH - Revenue from housekeeping and accommodation surged 70.8% yr/yr, with Chengtu achieving an 83.6% increaseNEW PARTNERSHIPS - Partnership with JD.com and expansion of beef supply chain with NIU World expected to drive incremental revenueKey DetailsMetricBeat/MissActualConsensus EstimateH1 RevenueRMB 1.13 blnPress Release: ID:nPn1TpCd9a(This story was created using Reuters automation and AI based on LSEG and company data. 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