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