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Stock impact report

Quhuo's Homestay Business Branch Embarks on New Collaborative Ventures, Establishing 'Chengtu Rural Residence' Brand to Deepen Presence in Homestay Industry [Yahoo! Finance]

Quhuo Limited - American Depository Shares (QH) 
Company Research Source: Yahoo! Finance
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 ru Show less Read more
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