CHENGDU, China, May 20, 2022 /PRNewswire/ — Senmiao Technologies Confined (“Senmiao” or the “Organization”) (Nasdaq: AIHS), a funding and servicing enterprise centered on the online experience-hailing industry in China, as effectively as an operator of its own on line journey-hailing platform, nowadays declared that its wholly-owned subsidiary Hunan Xixingtianxia Technologies Co., Ltd. (“XXTX”) has entered into an settlement with Shanghai Huacheng Southwest Intercontinental Vacation Company Co., Ltd., a wholly-owned affiliate of Journey.com Group Restricted (“Excursion.com”) (Nasdaq: TCOM), a foremost on-line vacation company and journey service provider in China.
Pursuant to the terms of the agreement, XXTX will offer on the web ride-hailing products and services for consumers of Excursion.com. XXTX has the necessary legal and logistical licenses in place to engage in supplying on line trip-hailing products and services these kinds of as booking of airport/educate station pick-up/drop-off, chartered products and services and other sorts of passenger transportation. XXTX will have entry to customers making use of Vacation.com’s on the web platforms such as but not restricted to www.ctrip.com, www.trip.com and other related internet sites/cellular channels. Trip.com will provide platform consumers with reservation expert services for reserving XXTX’s providers.
This new organization cooperation introduced in Senmiao’s vital towns of Chengdu, Guangzhou and Changsha on May perhaps 17, 2022. XXTX expects to increase its cooperation with Vacation.com to further towns in China in the upcoming.
Xi Wen, Chairman, Main Government Officer and President of Senmiao, mentioned, “We are delighted that Vacation.com has selected to associate with Senmiao for its on-line experience-hailing and passenger transportation provider demands. As the greatest on the web journey support provider in China, their confidence in our skill to provide their significant population of customers is a testomony to our system and its capabilities. We are thrilled to be serving Journey.com buyers in our three important towns of Chengdu, Guangzhou and Changsha, and look ahead to operating carefully with Vacation.com likely forward.”
About Senmiao Know-how Constrained
Headquartered in Chengdu, Sichuan Province, Senmiao gives auto transaction and similar providers which include gross sales of cars, facilitation and expert services for automobile purchases and funding, management, functioning leases, ensures and other auto transaction expert services, as properly as operates its have trip-hailing system aimed principally at the escalating on the web journey-hailing current market in Senmiao’s places of operation in China. For more information about Senmiao, make sure you go to: http://www.senmiaotech.com. Senmiao routinely provides crucial updates on its website.
Cautionary Be aware Pertaining to Forward-Hunting Statements
This press launch consists of forward-hunting statements as described by the Personal Securities Litigation Reform Act of 1995. These ahead-searching statements (which includes those people relating to the operation of Senmiao’s trip-hailing platform) are subject matter to substantial dangers, uncertainties and assumptions, which include people specific from time to time in the Senmiao’s filings with the SEC, and depict Senmiao’s views only as of the day they are built and should really not be relied upon as symbolizing Senmiao’s sights as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to replicate alterations in activities or situation.
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The Fairness Team Inc. In China
Carolyne Sohn, Vice President Lucy Ma, Affiliate
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