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

Reuters
2025/09/26
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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