Quhuo’s Flexible Employment Platform Supports Job Growth and Entrepreneurship

The Beijing Municipal Development and Reform Commission recognized the company’s achievements in the Mass Entrepreneurship and Innovation Week.

Beijing, November 30, 2022 /PRNewswire/ — Quhuo Limited (NASDAQ: QH ) (“Quhuo” or “the Company”), a leading gig economy platform focused on community-based local services in China, has been recognized by the Beijing Municipal Development and Reform Commission . (“BMCDR”) for its flexible workforce solutions as the country continues to support job growth and entrepreneurship.

The national mass entrepreneurship and innovation week has started September 15, 2022 With the theme “innovation brings vitality, entrepreneurship creates employment”. This reflects the country’s focus on innovation and stabilizing employment with a range of measures, including providing employment subsidies for companies, and encouraging the creation of flexible staffing platforms to assist job seekers in their efforts to find a job.

Quhuo’s innovative platform adheres to such a nationwide strategy, and its achievements in helping job seekers find jobs have been recognized by the authorities. BMCDR officials visited Quhuo Beijing headquarters in September 2022 And praised the company’s efforts to closely follow and exceed Beijing’s job growth targets. In particular, BMCDR spoke highly of Quhuo’s business model and how its platform will help gig-seekers and help foster flexible employment across the country.

The company’s innovative workforce platform has served many blue-collar workers across the country china Over the past few years, it has allowed them to hold gigs and flexible hours, while also providing a steady income.

The success of Quhuo’s workforce platform comes at a time when china It has made coordinated efforts to strengthen job creation and promote entrepreneurship. Over the past few years, the flexible labor market in china It has grown thanks to the rapid development of the sharing economy.

Quhuo’s data-driven platform uses a tagging system and machine learning algorithm to categorize tasks and gigs, and monitors the peaks and troughs of labor markets in different sectors to better match workers with the right employers. Today, the company has diversified its job offerings into more than 30 types of gigs in more than 100 cities across the country, serving a total of nearly 500,000 job seekers.

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“We are committed to providing the best manpower solutions for companies and a booth hunting platform for job seekers as we strive to emphasize the country’s policy and strategy,” he said. Leslie Yu, Chairman and CEO of Quhuo. With the aim of “increasing employment, stabilizing income and empowering entrepreneurship”, Quhuo provides comprehensive services including life support, workplace safety and job training to ensure a safe and secure work environment for job seekers.

Quhuo noted that employers often choose flexible staffing options while hoping for consistent service quality, and job seekers often value the convenience of flexible hours and the choice to perform various tasks while hoping for stable income. The company also noted that there are often mismatches in resources. For example, in the food delivery sector and the car transport sector, there are peaks and troughs in the workload, which sometimes lead to the unemployment of the workforce.

In an effort to address this problem, Quhuo developed its platform, powered by big data analytics, to help choose the right gigs for workers and facilitate them to multitask when they have time to work. . It also helps workers discover their potential in different labor markets.

Leslie added: “We believe that the Quhuo platform is in line with the country’s goal of ‘increasing employment, stabilizing income and empowering entrepreneurship’, and we are happy that our efforts have been recognized by the authorities.”

About the mass week of entrepreneurship and innovation

Mass Entrepreneurship and Innovation Week was first introduced by the State Council in 2015. This event is held every year across the country. chinaIt is an important part of an overall strategy across the country to promote entrepreneurship and innovation, which have been seen as important engines of the country’s economic development. In 2022, events in Beijing It includes a series of road shows and online presentations to showcase the city’s achievements in innovation and entrepreneurship.

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About Quhuo Limited

Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”) is a leading gig economy platform focused on local community-based services in china. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and connecting local life service providers and workers and providing end-to-end operational solutions for the life service market. The company currently offers several industry-specific operational solutions, primarily including on-demand delivery solutions, transportation service solutions, housekeeping and housing solutions, and other services that meet the needs of It fulfills the lives of hundreds of millions of families in communities.

With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote the employment of workers, including, providing safety and security and professional training to protect workers and help workers find ways Plan your career development for self-fulfillment. -Value.

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 historical or current statements of 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 those that contain words such as “expect,” “anticipate,” “believe,” “project,” “intend” 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, including, without limitation, risks and uncertainties related to Quhuo’s abilities to (1) manage its growth and management; expand its operations, (2) address any or all future risks and challenges given its limited operating history and evolving business portfolios, (3) improve its competitive position in the food delivery market based on Demand remains or creates more diversity. solution offerings and its customer portfolio, (4) maintain relationships with major customers and find replacement customers with favorable business terms or on time or at all, (5) maintain relationships with current industry customers or attract new customers, (6) attract, retain and managing workers on its platform, and (7) maintaining its market share relative to competitors in existing markets and its success in developing entry into new markets, as well as the length and severity of the recent outbreak of COVID-19 and its impact on business and Quhuo Industry. Other risks and uncertainties are included under the heading “Risk Factors” and elsewhere in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the final prospectus relating to the IPO filed with the SEC on July 10, 2020 and the Company’s . Last 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 fully qualified 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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