QUHUO Ltd

QUHUO Ltd operates as a leading gig economy platform in China, specializing in local life services. The company manages a large, flexible, and standardized workforce, with approximately 969,000 registered workers on its platform as of December 31, 2025. QUHUO provides tech-enabled, end-to-end operational solutions primarily to consumer service businesses. These solutions include on-demand delivery, mobility services, and housekeeping and accommodation services, among others. Leveraging its internal technology infrastructure, QUHUO deploys workers across various regions and industries to serve customers. This includes fulfilling delivery orders for prepared food, grocery, and fresh food; performing maintenance for shared bikes; executing intra-city and long-distance transportation orders; and providing housekeeping and accommodation services for hotels and B&Bs. The company generates revenue primarily from service fees paid by its industry customers, and to a lesser extent, from rental fees under car leasing agreements with drivers in its ride-hailing solutions. QUHUO's platform assists on-demand consumer service companies by mobilizing a large team of workers who adhere to industry-specific, standardized, and highly efficient service procedures through training, performance monitoring, and incentives. As of December 31, 2025, its industry customers included top market players such as Meituan and Taobao Shangou (previously Ele.me) in on-demand delivery, chain restaurants like KFC, and Didi and Qingju Bike in the mobility-as-a-service sector. The company had a presence in 277 cities across 31 provinces, municipalities, and autonomous regions in China as of December 31, 2025. For workers, QUHUO offers diversified, flexible earning opportunities. The platform had approximately 39,500 average monthly active workers in the three months ended December 31, 2025, compared to 33,000 for the same period in 2024.