StockNews.AI
QH
StockNews.AI
3 hrs

Quhuo's Hotel and Home Services Sector Partners with Beike to Improve Residential Service Quality

1. Quhuo's subsidiary, Lailai, partners with Beike for property management services. 2. Lailai expands from home services to comprehensive property management system. 3. The partnership enhances service delivery quality and operational efficiency. 4. Expansion includes multiple cities, addressing market demands and aging populations. 5. Quhuo aims for long-term growth in local life services through this collaboration.

9m saved
Insight
Article

FAQ

Why Bullish?

The partnership with Beike positions Quhuo within a growing property management market, enhancing revenue potential. Historical partnerships often led to increased market share and improved stock performance for similar companies, suggesting a positive trajectory for QH.

How important is it?

The partnership is pivotal in enhancing service diversity and efficiency, which can improve customer retention and acquisition, directly impacting QH's financial performance.

Why Long Term?

This collaboration expands Quhuo's service offerings and market reach, indicating sustainable growth prospects over time. Long-term agreements, like this one, often yield compound growth as services gain traction in target markets.

Related Companies

BEKEDIDIJD
, /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company"), a leading gig economy platform for local services in China, announced recently that its subsidiary, Lailai Information Technology (Shenzhen) Co., Ltd. ("Lailai"), which specializes in hotel and home services, has formed a partnership with Ke Holdings Inc. ("Beike"), a leading housing transactions and services platform in China. Under the agreement, Lailai will provide Beike with asset services including property maintenance before and after listing, ongoing household support, and tailored services for specific groups of residents. The collaboration expands Lailai's service scope from home services to a full property management service system. Through this partnership, Lailai seeks to help Beike deliver efficient, end-to-end services that enhance the living experience. Leveraging its extensive expertise in local life services, Lailai aims to meet Beike's demand for high standards and diverse offerings through integrated property service solutions - from property management to daily household support - helping improve overall living quality. In terms of specific services, Lailai offers Beike end-to-end property management solutions, including cleaning before and after listing, appliance and electrical repairs, formaldehyde testing and treatment, and VR photography, ensuring each property meets market standards. For households, Lailai also provides daily cleaning, lock repairs, and other essential services for residents. Lailai also provides tailored services for special groups. For example, in first-tier cities such as Beijing, Lailai trains and deploys female technicians to provide in-home repair services for women residents, enhancing trust and safety for single women in urban settings. In service delivery, Lailai leverages its proprietary digital dispatch system to integrate cleaning, repairs, and other services into a unified platform, enabling more efficient management and precise demand matching. Supported by data-driven oversight, this systematic approach improves operational efficiency and aims to ensure consistent and high-quality service. Since the partnership with Beike launched in May 2024, Lailai's property services have expanded to Chengdu, Beijing, Shanghai, Ningbo, and Jinan, with plans to extend to Shenzhen, Guangzhou, Hangzhou, Nanjing, and Xi'an. Lailai is also developing more convenient, safe, and comfortable housing and resort-style senior living solutions in response to an aging population. Haizhou Luo, head of Lailai, said: "This collaboration allows us to put our local life service experience into practice and deliver higher-quality, personalized property management services to our clients. We will continue to innovate and optimize our offerings to further enhance the living experience of residents." Leslie Yu, CEO of Quhuo, stated: "This partnership reflects Quhuo's long-term commitment to local life services and opens new market opportunities. Looking ahead, both parties will continue to enhance services and customer experience, jointly advancing the high-quality development of urban housing services." About Quhuo Limited Quhuo 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 and 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) establish 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. 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 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. SOURCE Quhuo Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News