Quhuo (ADR) (QH)
Managed gig-workforce services for delivery, mobility, housekeeping and accommodation.
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Provides managed gig-workforce services for delivery, mobility, housekeeping and accommodation clients, earning mainly service fees tied to completed delivery orders. Its China-centered operating business is controlled through VIE contracts by a Cayman holding company.
Operates a managed gig-workforce platform that recruits, trains, deploys and monitors workers for on-demand delivery, mobility, housekeeping and accommodation services. Customer platforms set delivery areas; station teams and the Quhuo+ system turn service-level requirements into staffing, workload monitoring and performance instructions. On-demand delivery is the core business, earning a fee for each completed order.
Extends the workforce model into ride-hailing vehicle leasing and support, shared-bike maintenance, hotel and short-term-rental cleaning, and accommodation services. Operations are concentrated in mainland China, while a Hong Kong unit exports new and used new-energy vehicles through overseas dealer networks.
Uses contractual control of Beijing Quhuo rather than direct ownership of its main operating entity; the listed company is a Cayman holding company. Service capacity depends on platform workers treated as independent contractors and on customers that may use other suppliers or their own delivery networks.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $5.7M · Total debt $17.2M · Total assets $119.4M · Shareholders' equity $53.0M
- Revenue
- $104.3M
- Operating income
- −$8.1M
- Net income
- −$7.2M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 142.38% | 464.2K ADS | |
|---|---|---|---|
| 7 holders · as of Mar 31, 2026 | |||
| Adds to | 142.38% | ||
326.0K ADS as of Sep 16, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
These groups come from separate filings that can overlap, so they add to 142.38%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
HRT Financial LPInstitution | 61.23% | 199,632 ADS | as of Mar 31, 2026 |
XTX Topco LtdInstitution | 48.72% | 158,844 ADS | as of Mar 31, 2026 |
UBS Group AGInstitution | 21.07% | 68,698 ADS | as of Mar 31, 2026 |
Tower Research Capital LLC (TRC)Institution | 7.67% | 25,000 ADS | as of Mar 31, 2026 |
Perigon Wealth Management, LLCInstitution | 3.47% | 11,306 ADS | as of Mar 31, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Quhuo (ADR) | $3.93 | +1.67% | $12.6M | — | — | — | +2.0% |
| Alibaba Group (ADR) | $116.41 | +0.57% | $277.46B | 26.3 | 17.7 | 1.8 | +14.7% |
| Kanzhun (ADR) | $14.69 | +1.74% | $6.61B | 10.0 | 12.9 | 5.1 | +20.4% |
| Median | 18.1 | 15.3 | 3.4 | +17.6% |