CHENGDU, China, June 13, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, today announced that it has signed a strategic cooperation agreement (the “Agreement”) with Changsha Yipeng Information Technology Co., Ltd. (“Changsha Yipeng”) to jointly develop an AI-backed data management system aiming to improve efficiency of online ride-hailing management platforms.
CHENGDU, China, June 12, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, today announced that it has signed a strategic cooperation agreement (the “Agreement”) with Qinhong International Group (“Qinhong”).
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Financial - Credit Services Industry | Financial Services Sector | Mr. Xi Wen CEO | NASDAQ (CM) Exchange | 817225105 Cusip |
CN Country | 55 Employees | - Last Dividend | 6 Apr 2022 Last Split | 16 Mar 2018 IPO Date |
Senmiao Technology Limited is a prominent player in China's automobile transaction and related services industry. Founded in 2014 and headquartered in Chengdu, the People's Republic of China, the company has carved a niche for itself by providing a wide range of services that cater to the evolving needs of the automotive market and ride-hailing service sector in China. It operates through two major segments: Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services, addressing the diverse needs of individual customers, online ride-hailing drivers, and other stakeholders in the automobile ecosystem.
Senmiao Technology offers car rental services tailored to individual customers, providing them with flexible and convenient transportation solutions.
Through financing leases, the company provides auto finance solutions that facilitate the acquisition of vehicles for consumers, thereby supporting the growth of automobile ownership.
Senmiao engages in the sale of both new and used cars, catering to a wide range of customer preferences and financial capabilities. This includes managing the entire sales process, from vehicle selection to final transaction.
To complement its automobile sales, the company offers a suite of supporting services. This encompasses auto management and guarantee services specifically designed for online ride-hailing drivers, enhancing their operational efficiency and service reliability.
Responding to the increasing demand for sustainable transportation solutions, Senmiao provides leasing services for new energy vehicles, promoting environmentally friendly transportation options.
The company offers comprehensive automobile purchase and management services, which include ride-hailing driver training, assistance with various administrative procedures, and consulting services. This holistic approach ensures that drivers are well-equipped to provide superior ride-hailing services.
Senmiao offers critical consulting services and administrative support to its clients. This includes credit assessment, preparation of financing application materials, assistance with the closing of financing transactions, license and plate registration, payment of taxes and fees, purchase of insurance, and installation of GPS devices. It also covers acquiring ride-hailing driver qualification and handling other requisite administrative procedures, thereby simplifying the complex regulatory landscape for its clients.
Operating Xixingtianxia, an online ride-hailing platform, Senmiao enables qualified ride-hailing drivers to offer transportation services across major cities in China including Chengdu, Changsha, Guangzhou, and 23 other cities. This platform facilitates convenient, safe, and efficient transportation services, catering to the mobility needs of millions of users.