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 Residence." The project
will begin in Wuqing District of Tianjin City and Beidaihe Village in
Qinhuangdao, encompassing nearly 40 homes.
"Chengtu Rural Residence" is Quhuo's response to the growing
issue of rural-urban migration and the increasing number of vacant
rural homes due to rapid urbanization. Through this venture,
Chengtu plans to utilize its extensive operational expertise to
revamp and market these unoccupied homes for both long-term and
short-term rentals, ultimately boosting the income of local
villagers. This effort aligns with the broader goal of fostering
integrated urban-rural development and revitalizing rural
communities. With the introduction of this brand, Chengtu is now
present in four major domestic tourist cities, managing nearly 120
rural homestay properties.
In Tianjin's Wuqing District,
Chengtu has formed partnerships with three villages in Hexi
Township. The company is seeking co-builders to renovate 20 to 30
rural homes into charming homestays, offering these co-builders a
20-year operational lease. This model guarantees a stable rental
income for the villagers and presents a long-term investment
opportunity for the co-builders.
The Beidaihe Village project in Qinhuangdao marks Chengtu's
inaugural venture into house design. The plan is to transform 14
rural homes into publicly operated homestays. Located near the sea,
these properties are part of a cultural industry park that blends
culture, agriculture, and tourism, making them highly valuable for
both cultural and tourist purposes. The design phase in this
cooperation was completed at the end of January this year and
co-builders were invited to visit the model house. These rural
residences will also be promoted on Chengtu's online homestay
rental platform.
Chengtu's rural homestay selection process is rigorous, focusing
on locations that reflect local customs and geographical
convenience. The homes chosen must have clear property rights,
sturdy foundations, and accompanying farmland and courtyards to
offer an authentic pastoral experience. Chengtu also sets high
standards for its homestays, establishing a uniform system for
rural accommodations and providing comprehensive training to staff.
The company ensures that everything from the bedding to daily
utensils adheres to star-rated hotel quality.
Ji Tong, the General Manager of
Chengtu, remarked on the company's strategy: "Chengtu's strategic
expansion and the launch of 'Chengtu Rural Residence' underscore
the potential and market prospects of rural homestays in
China. Our latest projects are not
just significant for Chengtu's deeper involvement in this sector
but also align with the national policy of rural
revitalization."
Leslie Yu, Chairman and Chief
Executive Officer of Quhuo, expressed his outlook on the rural
homestay market: "With the increasing demand for high-quality
pastoral lifestyles, the rural tourism market is poised for growth.
Quhuo intends to continue its strategic expansion in this area,
using our operational expertise and technological edge to foster
the ongoing development of rural homestays. This initiative will
inject new energy into rural economic growth and cultural
tourism."
About Quhuo Limited
Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a
leading gig economy platform focusing on local life services in
China. Leveraging Quhuo+, its
proprietary technology infrastructure, Quhuo is dedicated to
empowering and linking workers and local life service providers and
providing end-to-end operation solutions for the life service
market. The Company currently provides multiple industry-tailored
operational solutions, primarily including on-demand delivery
solutions, mobility service solutions, housekeeping and
accommodation solutions, and other services, meeting the living
needs of hundreds of millions of families in the communities.
With the vision of promoting employment, stabilizing income and
empowering entrepreneurship, Quhuo explores multiple scenarios to
promote employment of workers, provides, among others, safety and
security and vocational training to protect workers, and helps
workers plan their career development paths to realize their
self-worth.
Safe Harbor Statements
This press release contains ''forward-looking statements''
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical or current fact
included in this press release are forward-looking statements,
including but not limited to statements regarding Quhuo's business
development, financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as "expect," "anticipate," "believe," "project," "will" and similar
expressions intended to identify forward-looking statements. These
forward-looking statements are based on Quhuo's current
expectations and involve risks and uncertainties. Quhuo's actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties, which include, without limitation, risks
and uncertainties related to Quhuo's abilities to (1) manage its
growth and expand its operations, (2) address any or all of the
risks and challenges in the future in light of its limited
operating history and evolving business portfolios, (3) remain in
its competitive position in the on-demand food delivery market or
further diversify its solution offerings and customer portfolio,
(4) maintain relationships with major customers and to find
replacement customers on commercially desirable terms or in a
timely manner or at all, (5) maintain relationships with existing
industry customers or attract new customers, (6) attract, retain
and manage workers on its platform, and (7) maintain its market
shares in relation to competitors in existing markets and its
success in expansion into new markets, as well as the length and
severity of the recent COVID-19 outbreak and its impact on Quhuo's
business and industry. Other risks and uncertainties are included
under the caption "Risk Factors" and elsewhere in the Company's
filings with the Securities and Exchange Commission, including,
without limitation, the final prospectus related to the IPO filed
with the SEC on July 10, 2020 and the Company's latest
annual report on Form 20-F. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
Quhuo undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date hereof.
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SOURCE Quhuo Limited