Quhuo Advances Global Strategy, Expanding On-Demand Delivery Services to International Markets

Core Viewpoint - Many Chinese concept stocks are undervalued in overseas markets, but some e-commerce companies, like Quhuo, are gaining recognition and showcasing the potential for internationalization of Chinese brands [1] Industry Overview - The global online delivery market is projected to grow from USD 216.21 billion in 2022 to USD 667.04 billion by 2032, indicating high growth potential [2] - Challenges in overseas delivery services include poor service experience, insufficient capacity for large order volumes, and high delivery costs, which affect service accessibility and consumer satisfaction [2] Company Strategy - Quhuo plans to extend its on-demand delivery services to overseas markets, focusing on Southeast Asia as a priority region for international expansion starting in 2024 [3][8] - The company aims to collaborate with local on-demand consumption service platforms to enhance its market entry and operational efficiency [4] Operational Model - Quhuo will utilize its Quhuo+ technology platform to improve service order fulfillment efficiency through data analysis and AI technology, managing various life service scenarios under a unified digital management system [5] - The platform allows for flexible deployment of service personnel, reducing costs and improving efficiency while increasing overall income for workers [5] Employment Support - Quhuo is committed to providing job opportunities for individuals needing flexible employment, offering various delivery tasks that accommodate different lifestyles [6] - The company aims to create stable jobs in the Southeast Asian on-demand delivery industry, with a total transaction volume of USD 17.1 billion in 2023, indicating significant market potential [7] Future Expansion Plans - Quhuo expects to implement on-demand delivery services in three Southeast Asian countries by the end of 2024 and expand to more than five new countries by 2025 [8] - The company seeks to enhance its "Last Mile" delivery service to provide convenient life services to global consumers, which is anticipated to significantly boost revenue and market share [8]