Senmiao Technology

Senmiao Technology Ltd. is a holding company, which engages in the provision of automobile transaction and related services focusing on the ride-hailing industry. It also provides auto finance solutions through financing leases, car rental services to individual customers. It operates through the Automobile Transaction and Related Services, and the Online Ride-Hailing Platform Services segments. The company was founded in May 2014 and is headquartered in Chengdu, China.

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CHENGDU, China , May 11, 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 the operating metrics for its proprietary online ride-hailing platform for the month of April 2022. In April 2022, Senmiao and its affiliates reported approximately 0.9 million total completed orders, a decrease from over 1.0 million total orders completed in March 2022 due to a resurgence of COVID-19 cases in Chengdu in April, which led to the implementation of travel restrictions and lockdowns.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2022

CHENGDU, China , 19. April 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 oprator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in four cities in China: Qingdao, Nanchang, Jinhua, and Yancheng.

Senmiao Technology Launches Ride-Hailing Platform in Four Additional Cities

CHENGDU, China , April 11, 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 the operating metrics for its proprietary online ride-hailing platform for the month of March 2022. In March 2022, Senmiao reported over 1.0 million total completed orders, a 42.0% increase from over 0.7 million total orders completed in February 2022.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for March 2022

CHENGDU, China , April 5, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS) reported that it expects to implement a 1-for-10 reverse stock split on its common stock effective Wednesday, April 6, 2022, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "AIHS".

Senmiao Technology Limited Announces 1-for-10 Reverse Stock Split

CHENGDU, China, March 10, 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 the operating metrics for its proprietary online ride-hailing platform for the month of February 2022. In February 2022, Senmiao reported over 0.7 million total completed orders, a sequential decrease from the over 0.9 million total orders completed in January 2022 as a result of seasonality driven by the Lunar New Year holiday in China and local resurgence of COVID-19 cases in Senmiao's key cities.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for February 2022

CHENGDU, China, Feb. 15, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (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 financial results for the fiscal 2022 third quarter ended December 31, 2021. Additional information regarding Senmiao's results of operations for the quarter ended December 31, 2021, can be found in the quarterly report on Form 10-Q that was filed with the U.S. Securities and Exchange Commission on February 14, 2022.

Senmiao Technology Reports Fiscal 2022 Third Quarter Financial Results

CHENGDU, China, Feb. 11, 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 the operating metrics for its proprietary online ride-hailing platform for the month of January 2022. In January 2022, Senmiao reported over 0.9 million total completed orders, a 10.9% decrease from approximately 1.1 million total orders completed in December 2021, as a result of pandemic-related travel restrictions that impacted tourism in Senmiao's key cities such as Chengdu, Changsha and Guangzhou.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for January 2022

CHENGDU, China, Feb. 4, 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 the launch of its proprietary online ride-hailing platform for drivers in Haikou, China. Over 2,000 rides have been completed in Haikou on Senmiao's online ride-hailing platform since the platform was launched on December 17, 2021.

Senmiao Technology Launches Ride-Hailing Platform in Haikou, the Provincial Capital of Hainan Province

CHENGDU, China, Jan. 31, 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 Sichuan Jinkailong Automobile Leasing Co., Ltd. ("Jinkailong"), of which Senmiao's majority owned subsidiary Hunan Ruixi Financial Leasing Co., Ltd.

Senmiao Technology Receives Capacity Star Award of Chengdu from Meituan

CHENGDU, China, Jan. 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 the launch of its proprietary online ride-hailing platform for drivers in Shenyang, China. Over 6,000 rides have been completed in Shenyang on Senmiao's online ride-hailing platform since the platform was launched on December 17, 2021.

Senmiao Technology Launches Ride-Hailing Platform in Shenyang, A Major City in Northeast China

CHENGDU, China, Jan. 11, 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 the operating metrics for its proprietary online ride-hailing platform for the month of December 2021. In December 2021, Senmiao reported approximately 1.1 million total completed orders, a 13.9% increase from over 0.9 million total orders completed in November 2021, as travel restrictions and lockdowns in Chengdu were lifted in December 2021.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for December 2021

CHENGDU, China, Dec. 6, 2021 /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 the operating metrics for its proprietary online ride-hailing platform for the month of November 2021. In November 2021, Senmiao reported over 0.9 million total completed orders, a decrease from over 1.0 million total orders completed in October 2021, due to a resurgence of COVID-19 cases in Chengdu in November, which led to travel restrictions and lockdowns being implemented.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for November 2021

CHENGDU, China, Nov. 30, 2021 /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 the launch of its proprietary online ride-hailing platform for drivers in Suzhou, China. With the launch in Suzhou, Senmiao's platform is now available in 12 cities across China, six cities in Sichuan Province and six major cities in other provinces in China.

Senmiao Technology Launches Ride-Hailing Platform in Suzhou, A Major City in Jiangsu Province

CHENGDU, China, Nov. 16, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (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 financial results for the fiscal 2022 second quarter ended September 30, 2021. Fiscal 2022 Second Quarter Financial and Operating Highlights Total revenues of $2.9 million, an increase of approximately 105% from $1.4 million in the prior-year period, primarily as a result of increased operating lease revenues from automobile rentals and revenues from online ride-hailing platform services.

Senmiao Technology Reports Fiscal 2022 Second Quarter Financial Results

CHENGDU, China, Nov. 12, 2021 /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 the operating metrics for its proprietary online ride-hailing platform for the month of October 2021. In October 2021, Senmiao reported over 1.0 million total completed orders, a 1.6% increase from September 2021.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for October 2021

CHENGDU, China, Nov. 11, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (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 it has closed the previously announced private placement of a total of $5 million with certain institutional investors of its Series A Convertible Preferred Stock, which can be initially converted into shares of the Company's common stock at a conversion price of $0.68 per share, subject to adjustment.  In addition, the Company issued certain warrants to the investors in this private placement to purchase up to 7,352,942 shares of common stock.

Senmiao Technology Announces Closing of $5 Million Private Placement

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CHENGDU, China, Nov. 3, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (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 the signing of a new cooperation agreement (the "Agreement") with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd. ("Zhongxuan"), one of the largest online ride-hailing companies in Guizhou Province focused on tourism and charter passenger transportation, passenger station management, online ride-hailing platform operation, new energy vehicle sales and maintenance, as well as electric vehicle charging and swapping power station operations.

Senmiao Technology Announces Signing of Cooperation Agreement with Guizhou Zhongxuan Online Ride-hailing Operation Group Ltd.

CHENGDU, China, Oct. 26, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (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 the signing of a new cooperation agreement (the "Agreement") with Sichuan Chengfeng Intelligent Transportation Co., Ltd. ("Chengfeng"), a wholly-owned subsidiary of Neijiang Chengfeng Investment Co., Ltd.

Senmiao Technology Announces Signing of Cooperation Agreement with Sichuan Chengfeng Intelligent Transportation

CHENGDU, China, Oct. 22, 2021 /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 the launch of its proprietary online ride-hailing platform for drivers in Xuzhou, China. With the launch in Xuzhou, Senmiao's platform is now available in 10 cities across China, six cities in Sichuan Province and four major cities in other provinces.

Senmiao Technology Launches Ride-Hailing Platform in Xuzhou, A Major City in Jiangsu Province

CHENGDU, China, Oct. 18, 2021 /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 the operating metrics for its proprietary online ride-hailing platform for the month of September 2021. In September 2021, Senmiao reported over 1.0 million total completed orders, a 6.0% increase compared to just under 1.0 million in August 2021.

Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for September 2021

CHENGDU, China, Oct. 12, 2021 /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 the signing of a new cooperation agreement (the "Agreement") with Sichuan Xintianjie Culture Media Co., Ltd ("Xintianjie"), a company listed on the National Equities Exchange and Quotations of China (NEEQ: 834884) and focused on outdoor media, SME brand consulting management, and business growth incubation services in China. According to the terms of the Agreement, Senmiao and Xintianjie will collaborate in the area of online ride-hailing vehicle services based on 5G+blockchain digital streaming media, including but not limited to in-vehicle digital screens, digital screens on rear windows, in-ride central entertainment control platforms and mobile data phone systems, and safety assistance systems.

Senmiao Technology Announces Signing of Cooperation Agreement with Xintianjie Culture Media Co., Ltd

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The stock price of Senmiao Technology Ltd (NASDAQ: AIHS) increased by over 17% today. This is why it happened.

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