Core Viewpoint - Quhuo Limited has announced a strategic partnership with Topliquidity Management Limited to enhance its blockchain initiatives and digital currency strategies, aiming to strengthen its global expansion efforts [1][8]. Group 1: Partnership and Strategic Goals - The partnership with Topliquidity will provide advisory services related to blockchain and digital currency, which is expected to support Quhuo's international operations and enhance transaction flexibility [1][2]. - Quhuo International, the overseas division, aims to leverage this collaboration for improved asset management and settlement approaches in vehicle exports [2][7]. Group 2: Blockchain and Digital Currency Utilization - The tokenization of real-world assets on the blockchain can facilitate the use of stablecoins in multinational trade, providing new financing channels and enhancing transaction security [3]. - Quhuo plans to explore compliance frameworks for blockchain technology to ensure legal operation of stablecoin payments and digital asset management across various jurisdictions [4][5]. Group 3: Digitalization and Future Competitiveness - The growing interest in digitalization and blockchain in global capital markets positions these technologies as essential for companies' international expansion [5]. - Quhuo's CEO emphasized that digitalization is a key driver for long-term growth, and the partnership represents a proactive step in preparing for future market dynamics [8]. Group 4: Services Offered by Topliquidity - Topliquidity will provide a range of services including blockchain technology support, digital asset management, strategic planning, and regulatory compliance to Quhuo [6][7]. - The integration of smart contracts in Quhuo's vehicle export business is expected to reduce manual labor costs and improve transaction transparency [7].
Quhuo Expands Use of Blockchain Technology to Enhance Cross-Border Business Operations