Senmiao Technology Teams Up with Feiniu Transportation to Offer Intercity Ride Sharing Services in Chengdu, China
Senmiao Technology Limited (AIHS)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/senmiao-technology-limited-announces-pricing-of-us120-million-firm-commitment-initial-public-offering-300615172.html
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Source: PR Newswire
CHENGDU, China, May 21, 2019 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), an operator of an online lending marketplace for loan facilitation, and a provider of automobile transaction and financing services in China, announced today that Sichuan Jinkailong Automobile Leasing Co., Ltd. ("Jinkailong"), a variable interest entity of Senmiao's majority owned subsidiary, entered into a cooperation agreement (the "Agreement") with Sichuan Feiniu Automobile Transportation Co., Ltd. ("Feiniu"), a provider of intercity passenger transportation and freight logistics services, to jointly develop an intercity long-distance carpool business in the metropolitan area of Chengdu, Sichuan, China via the ridesharing platform of Didi Chuxing Technology Co., Ltd. ("Didi"), China's largest ridesharing platform, which offers a full range of app-based transportation options for 550 million users. Pursuant to the Agreement, Jinkailong will be Feiniu's exclusive partner providing tran
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