Quhuo Limited announced a significant strategic deployment: expanding SaaS+ service scenarios into medical care, long-term residential housing, and elderly care apartments. Leveraging the gig economy model, Quhuo aims to reduce costs and increase efficiency for local life service providers, thereby driving further development for both enterprises and the industry. In recent years, against the backdrop of increasing economic uncertainty, the traditional direct employment model has been unable to meet the flexible and varied human resource needs of enterprises.

The release of the "China Flexible Employment Blue Book" in 2023 highlighted this trend, with nearly 70% of national enterprises attempting to adopt gig economy methods, and over 35% of positions now utilizing gig economy model. This shift not only reflects the market's urgent demand for flexibility but also signifies the rapid development of the "new gig economy." Leveraging over a decade of deep accumulation in the field of localized life services, Quhuo has developed a unique SaaS+ service product through technological innovation and the gig economy model. After years of development, it has provided human resource management, financial management, data analysis, and other services to more than 8,000 local life service providers in fields such as homestays, hotels, housekeeping, laundry, and restaurant closure.

These services not only help businesses reduce costs and improve efficiency but more importantly, broaden their revenue sources. Building on this foundation, Quhuo plans to further expand its horizons to the medical field, collaborating with leading enterprises in medical institutions to provide comprehensive gig economy model SaaS+ service solutions for cleaning, nursing, and logistics positions. These solutions will cover various aspects from recruitment of social personnel, employment management, payroll settlement, to the construction of employee service stations, fully addressing the flexible employment needs in the medical field.

Simultaneously, Quhuo focuses on innovation and development in the accommodation sector. Following the rural homestay business, Quhuo will expand its operations towards long-term platforms and elderly care apartments. Through cooperation with leading real estate rental companies in China, Quhuo plans to explore revitalization schemes for new and second-hand properties, injecting new vitality into the rental market.

This will not only help landlords and rental companies increase rental income but also provide tenants with more high-quality accommodation options. According to Tong Ji, the business head of Quhuo accommodation sector, the company plans to pilot in Qinhuangdao, Hebei province, in the second quarter of 2024, launching three products: long-term residential housing, boutique apartments, and elderly care apartments, marking another significant innovation in Quhuo's accommodation services. The successful application of SaaS+ services has not only injected new momentum into the development of Quhuo's localized life services but also provided new insights for the industry's transformation and upgrading.

In the future, Quhuo plans to expand the market share of SaaS+ services in medical care, elderly care, and long-term apartments, helping the company achieve rapid business growth and empowering local life service enterprises tovertake in the new economic situation.