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

Quhuo

26/09/2025 13:56

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.)