China, May 25, 2022 /PRNewswire/
-- Senmiao Technology Limited ("Senmiao" or the "Company")
(Nasdaq: AIHS), a financing and servicing company focusing 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 Zhejiang Feizhu Network Technology
Co., Ltd. ("Feizhu") and Hangzhou Taomei Airline Service Co., Ltd.
("Hangzhou Taomei"), affiliates of Alibaba, which operate the
Fliggy online travel platform in China.
Pursuant to the terms of the agreement, XXTX will provide online
ride-hailing services for Fliggy users through the Fliggy platform.
If XXTX is selected by the Fliggy rider, the order will then be
distributed to registered drivers on Senmiao's platform for viewing
and acceptance. Senmiao earns commissions for each completed order
based on a certain percentage of the value of the order.
This new business cooperation has been launched in seven cities:
Chengdu, Changsha, Guangzhou, Lianyungang, Wenzhou, Shenyang and Qingdao, with over 400 orders completed since
mid-March 2022. XXTX expects to expand its cooperation with
Hangzhou Taomei to other cities in China in the future.
Xi Wen, Chairman, Chief Executive
Officer and President of Senmiao, stated, "We are pleased to
announce another important cooperation with another leading travel
platform in China. Fliggy, known
for its discounts on hotel bookings, is one of China's most downloaded mobile apps. We look
forward to working closely with Feizhu and Hangzhou Taomei and
serving Fliggy customers with their ride-hailing needs."
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
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
For more information, please contact:
At the Company:
Phone: +86 28 6155 4399
The Equity Group Inc.
Carolyne Sohn, Vice
Lucy Ma, Associate
+86 10 5661 7012
© 2022 Senmiao Technology Ltd. All rights reserved.
SOURCE Senmiao Technology Limited