Quhuo (NASDAQ:QH) stock is sliding lower on Thursday after the gig economy platform company’s shares underwent a recent rally.That rally saw shares of QH stock close out Wednesday up 24.7%. That came alongside more than 2 million shares traded. To put that number in perspective, the company’s daily average trading volume is below that at 183,000 shares. Its float is 44.47 million units.Investors will note that QH stock rallied on Wednesday without any news from the company. That includes a lack of press rel ...

Company Performance - Quhuo Limited's homestay sector, operated by Chengtu Home, achieved an average occupancy rate of 79% during the 2024 Labor Day holiday, with sales increasing by 45% year-over-year On the busiest day, the occupancy rate peaked at 88%, and sales surged by 31% from the previous year [1] Industry Trends - Domestic travel in China during the 2024 Labor Day holiday reached 295 million trips, up 7 6% year-on-year The homestay sector saw significant growth, with 76,000 new establishments in the first 10 months of 2023, representing a 149% increase over the prior year [2] Operational Excellence - Chengtu Home employs a "professional, digital, and detailed" operational approach, including the use of smart locks and self-service check-in systems to enhance security and convenience The company maintains high cleanliness standards, with thorough cleaning and fresh linens provided for each guest, and bedding that meets luxury hotel standards [3] - Chengtu has a dedicated housekeeping team that undergoes specialized training and adheres to strict cleaning procedures, including video documentation of room conditions and regular inspections to ensure cleanliness [4] Customer Experience - Chengtu customizes room settings based on guest preferences, offering personalized touches such as themed decorations, chalkboard greetings, and hand-drawn portraits based on social media profiles These details contribute to a warm and individualized hospitality experience [5] Market Expansion - Chengtu operates in 130 cities across China, offering diverse lodging options from apartments to villas The company also promotes rural development through collaborative homestay projects in tourist cities, partnering with nearly 120 local residences [6] Strategic Vision - Chengtu's General Manager highlighted the company's commitment to providing diverse lodging choices and professional, detailed service to elevate the customer experience The company aims to continue delivering safe, warm, and comfortable accommodations [6] - Quhuo's CEO emphasized the company's focus on local life services and the homestay market's rapid expansion Chengtu plans to refine its services and explore new methods to solidify its market presence and promote sustainable growth in the homestay sector [6]

BEIJING, May 17, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ: QH), a leading gig economy platform focusing on local life services in China, today announced that Ms. Chenxi Zhao has resigned from her position as a member of the board of directors (the "Board"), effective on May 16, 2024. The resignation of Ms. Zhao did not result from any disagreement with the Company on any matter relating to the Company's business operations, financial reporting or controls, policies or practices. ...

BEIJING, May 15, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ: QH), a leading gig economy platform focusing on local life services in China, today announced that it received notification letters dated May 10, 2024 (the "Notification Letters") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq"), indicating that (1) the Company is not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules as t ...

BEIJING, May 8, 2024 /PRNewswire/ -- Recently, Quhuo Limited (NASDAQ: QH) ("Quhuo" or "the Company"), a leading gig economy platform focusing on local community-centered services in China, announced a significant strategic deployment: expanding SaaS+ service scenarios into medical care, long-term residential housing, and elderly care apartments. Leveraging the gig economy model, Quhuo aims to reduce costs and increase efficiency for local life service providers, thereby driving further development for both ...

BEIJING, May 7, 2024 /PRNewswire/ -- In recent years, for various reasons, many Chinese concept stocks have been consistently undervalued in overseas capital markets. However, some Chinese e-commerce companies have gone against the current with their professional capabilities in global markets, gaining widespread recognition and showcasing the immense potential for the internationalization of Chinese brands. Against this backdrop, Quhuo (NASDAQ: QH) — a leading gig economy platform focusing on local life se ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Vehicle export service contracts for 3,000 units have been signed, of which over 1,900 units have been shipped and generated revenues of RMB 154.5 million. SaaS+ services empowered housekeeping and accommodation solutions and other services, driving a significant increase in profitability. BEIJING, April 3, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company", "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial ...

BEIJING, April 3, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo," the "Company," "we" or "our"), a leading gig economy platform focusing on local life services in China, today reported its unaudited financial results for the six months and full year ended December 31, 2023. Financial and Operational Highlights for the Second Half of 2023 Revenues from vehicle export solutions that were launched in May 2023 were RMB142.5 million (US$20.1 million), accounting for 81.3% of revenues from mobility sol ...

BEIJING, March 4, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, has recently made significant strides in the homestay industry with its Chengtu Home ("Chengtu") division. Chengtu announced the launch of a new rural homestay collaboration project, expanding its presence in the sector. This initiative involves the establishment of an independent brand dedicated to rural homestays, aptly named "Chengtu Rural ...