- Quhuo teams with Topliquidity to expand blockchain use across its global operations.
- Stablecoins and tokenized assets aim to speed up settlement in export trade markets.
- Smart contracts are set to cut paperwork and improve clarity in vehicle transactions.
Quhuo Limited has taken another step in its effort to modernize its global operations, signing a new partnership with Topliquidity Management Limited to deepen the role of blockchain technology across its international business lines. The move comes as the company works to make its trade and settlement processes more efficient at a time of rapid expansion outside China.
A Push to Strengthen International Workflows
Quhuo, which trades on Nasdaq under QH, has spent the past two years building out its overseas division, Quhuo International. The unit handles a growing vehicle-export business that began in 2023 and has already secured partners in several markets. With more cross-border activity now flowing through the company, Quhuo is looking for ways to simplify settlements and tighten control over asset management.
To support that shift, Topliquidity will advise Quhuo on a broad range of blockchain-related work, including digital asset strategies, regulatory planning, and long-term operational design. The advisory firm has experience handling digital-asset treasury structures in various markets, and Quhuo expects that background to help the company introduce new systems without disrupting ongoing trade.
Although Quhuo continues to face financial pressure, with a market value of roughly $1.23 million, according to recent data, the company has kept its digital plans in motion and sees this partnership as a foundation for further changes.
“Digitalization is a key driver of long-term growth. This collaboration represents an important step in our digital strategy and a proactive move to prepare for future market dynamics,” Chief Executive Leslie Yu said.
Stablecoins and Tokenized Assets Enter the Picture
A key focus of the joint effort is the use of stablecoins and tokenized assets in international trade. In markets where access to U.S. dollars is not always guaranteed, companies often struggle with settlement delays. Quhuo intends to address those bottlenecks by exploring how its exported goods can be digitally represented on blockchain networks and linked to stablecoin-based payments.
Stablecoins, which maintain value by tracking national currencies, offer a predictable way to settle cross-border transactions and are supported by broad global liquidity. Their consistency and speed have made them useful in regions where banks impose strict currency controls or long clearance times.
Quhuo is also preparing to navigate the regulatory frameworks tied to those systems. The company stated it will examine compliance requirements market by market, since rules around digital assets can differ sharply depending on the jurisdiction.
Smart Contracts for Trade Execution
Another area Quhuo plans to overhaul is the manual paperwork behind its export business. The company is studying how smart contracts might be used for trade agreements, creating a system where conditions are verified automatically and agreements are executed without repeated administrative steps.
Using these tools could help the company cut processing time, improve transparency, and reduce disputes in large cross-border orders. Quhuo expects that tying these tools to its existing processes will give partners greater visibility into each transaction while lowering internal costs.
Topliquidity will assist in designing these systems and aligning them with Quhuo’s operational structure, including coordinating among departments that would rely on the technology.
Quhuo: Building on Earlier Digital Efforts
The company has been gradually shifting more operations into digital formats. Earlier in the year, its subsidiary, Lailai Information Technology, entered a partnership with Beike to provide property-maintenance services, expanding Quhuo’s presence in China’s housing sector. The company also announced a $50 million at-the-market equity offering and revealed plans for a 1-for-90 reverse ADS split scheduled for August 25, 2025.
With this latest partnership, Quhuo is attempting to create a more reliable and flexible structure for its international operations, combining blockchain tools, asset tokenization, and new settlement channels. The company believes these changes will support its expansion and put it in a stronger position as global markets continue to move toward digital systems.
