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

Reuters
2025.09.26 12:56
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Chinese gig economy platform Quhuo reported H1 2025 revenue of RMB 1.13 billion, a 70.8% year-on-year increase in housekeeping and accommodation revenue, driven by growth in its Chengtu homestay business. The company has partnered with JD.com for delivery services and expanded its beef supply chain with NIU World. Quhuo anticipates achieving profitability in on-demand delivery and expects economies of scale to materialize in H2 2025.

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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/Mis Actual Consensu

s s

Estimate

H1 RMB 1.13

Revenue bln

Press Release: (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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