CHENGDU,
China, May 20, 2022 /PRNewswire/ -- Senmiao
Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS),
a financing and servicing company focused on the online
ride-hailing industry in China, as
well as an operator of its own online ride-hailing platform, today
announced that its wholly-owned subsidiary Hunan Xixingtianxia
Technology Co., Ltd. ("XXTX") has entered into an agreement with
Shanghai Huacheng Southwest International Travel Agency Co., Ltd.,
a wholly-owned affiliate of Trip.com Group Limited ("Trip.com")
(Nasdaq: TCOM), a leading online travel agency and travel service
provider in China.
Pursuant to the terms of the agreement, XXTX will provide online
ride-hailing services for clients of Trip.com. XXTX has the
necessary legal and logistical licenses in place to engage in
providing online ride-hailing services such as booking of
airport/train station pick-up/drop-off, chartered services and
other forms of passenger transportation. XXTX will have access to
customers utilizing Trip.com's online platforms including but not
limited to www.ctrip.com, www.trip.com and other related
websites/mobile channels. Trip.com will provide platform customers
with reservation services for booking XXTX's services.
This new business cooperation launched in Senmiao's key cities
of Chengdu, Guangzhou and Changsha on May
17, 2022. XXTX expects to expand its cooperation with
Trip.com to additional cities in China in the future.
Xi Wen, Chairman, Chief Executive
Officer and President of Senmiao, stated, "We are pleased that
Trip.com has chosen to partner with Senmiao for its online
ride-hailing and passenger transportation service needs. As the
largest online travel service provider in China, their confidence in our ability to
serve their significant population of customers is a testament to
our platform and its capabilities. We are thrilled to be serving
Trip.com customers in our three key cities of Chengdu, Guangzhou and Changsha, and look forward to working closely
with Trip.com going forward."
About Senmiao Technology Limited
Headquartered in Chengdu,
Sichuan Province, Senmiao provides
automobile transaction and related services including sales of
automobiles, facilitation and services for automobile purchases and
financing, management, operating leases, guarantees and other
automobile transaction services, as well as operates its own
ride-hailing platform aimed principally at the growing online
ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao,
please visit: http://www.senmiaotech.com. Senmiao routinely
provides important updates on its website.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements (including those relating to the
operation of Senmiao's ride-hailing platform) are subject to
significant risks, uncertainties and assumptions, including those
detailed from time to time in the Senmiao's filings with the SEC,
and represent Senmiao's views only as of the date they are made and
should not be relied upon as representing Senmiao's views as of any
subsequent date. Senmiao undertakes no obligation to publicly
revise any forward-looking statements to reflect changes in events
or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
The Equity Group Inc.
In China
Carolyne Sohn, Vice
President
Lucy Ma, Associate
+1
415-568-2255
+86 10 5661 7012
csohn@equityny.com
lma@equityny.com
© 2022 Senmiao Technology Ltd. All rights reserved.
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SOURCE Senmiao Technology Limited