{"id":402815,"date":"2020-12-18T09:03:46","date_gmt":"2020-12-18T14:03:46","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402815"},"modified":"2020-12-18T09:03:46","modified_gmt":"2020-12-18T14:03:46","slug":"senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/","title":{"rendered":"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHENGDU, China<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212; Senmiao Technology Limited (&#8220;Senmiao&#8221;) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in <span class=\"xn-location\">China<\/span> as well as an operator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform, Xixingtianxia, for drivers in <span class=\"xn-location\">Changsha, China<\/span>. <span class=\"xn-location\">Changsha<\/span> is the second city in <span class=\"xn-location\">China<\/span> in which Senmiao has launched its platform (along with <a target=\"_blank\" href=\"http:\/\/senmiaotechir.com\/news\/info?id=1329069472048852992&amp;cata=0\" rel=\"nofollow noopener noreferrer\">Chendgu in late <span class=\"xn-chron\">October 2020<\/span><\/a>).<\/p>\n<p>The expansion to <span class=\"xn-location\">Changsha<\/span> is strategic for Senmiao, as it has previously served as a core city in which Senmiao initially provided auto financing and leasing services for the ride-hailing market. <span class=\"xn-location\">Changsha<\/span> is the capital and highest populated city in <span class=\"xn-location\">Hunan Province<\/span> in <span class=\"xn-location\">China<\/span>, with approximately 8 million people.<\/p>\n<p>In recent weeks, Senmiao has strengthened the total solution it provides to ride-hailing drivers through collaborations with integration platforms in <span class=\"xn-location\">China<\/span>, such as Gaode Map and Meituan (HK: 3690). Senmiao expects its service in <span class=\"xn-location\">Changsha<\/span> to grow through the integration of these applications with its platform in the near future. In addition, the Company recently signed agreements with affiliates of BYD Company Limited (electric vehicle manufacturer (HK:1211 and SZSE:002594)) for the purchase of electronic vehicles in <span class=\"xn-location\">Changsha<\/span>. <\/p>\n<p>Mr. <span class=\"xn-person\">Xi Wen<\/span>, Senmiao&#8217;s Chairman and Chief Executive Officer stated, &#8220;We are pleased to have launched Xixingtianxia in <span class=\"xn-location\">Changsha<\/span> following a successful roll-out in <span class=\"xn-location\">Chengdu<\/span>. We remain cautious as to the impact of further COVID-19 developments on the ride-hailing industry, but feel that the efforts made over the second half of 2020 have prepared Senmiao to take advantage of a recovery in the coming year. Senmiao remains hyper-focused on growing market share in two large metropolitan markets in <span class=\"xn-location\">China<\/span>, as <span class=\"xn-location\">Chengdu<\/span> and <span class=\"xn-location\">Changsha<\/span> have a total population of approximately 24 million people. With the partnerships Senmiao has implemented, we are confident in our ability to expand our market position.&#8221;<\/p>\n<p>\n        <b>About Senmiao Technology Limited <\/b>\n      <\/p>\n<p>Headquartered in <span class=\"xn-location\">Chengdu<\/span>, <span class=\"xn-location\">Sichuan Province<\/span>, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services as well as operates its own ride-hailing platform aimed principally at the growing ride-hailing market in Senmiao&#8217;s areas of operation in <span class=\"xn-location\">China<\/span>. For more information about Senmiao, please visit: <a target=\"_blank\" href=\"http:\/\/www.senmiaotech.com\/\" rel=\"nofollow noopener noreferrer\">http:\/\/www.senmiaotech.com<\/a>.<\/p>\n<p>\n        <b>Cautionary Note Regarding Forward-Looking Statements<\/b>\u00a0<\/p>\n<p>\n        <i>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao&#8217;s ride-hailing platform in <span class=\"xn-location\">Changsha<\/span> and <span class=\"xn-location\">Chengdu, China<\/span>) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao&#8217;s filings with the SEC, and represent Senmiao&#8217;s views only as of the date they are made and should not be relied upon as representing Senmiao&#8217;s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.<\/i>\u00a0<\/p>\n<p>For more information, please contact:<\/p>\n<p>\n        <b>At the Company:<br \/><\/b>Yiye Zhou<br \/>Email: <a target=\"_blank\" href=\"mailto:edom333@ihongsen.com\" rel=\"nofollow noopener noreferrer\">edom333@ihongsen.com<\/a><br \/>Phone: +86 28 6155 4399<\/p>\n<p>\n        <b>Investor Relations:<br \/><\/b>The Equity Group Inc.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In <span class=\"xn-location\">China<\/span><br \/><span class=\"xn-person\">Adam Prior<\/span>, Senior Vice President\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Lucy Ma, Associate<br \/>(212) 836-9606\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 +86 10 5661 7012<br \/><a target=\"_blank\" href=\"mailto:aprior@equityny.com\" rel=\"nofollow noopener noreferrer\">aprior@equityny.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <a target=\"_blank\" href=\"mailto:lma@equityny.com\" rel=\"nofollow noopener noreferrer\">lma@equityny.com<\/a><\/p>\n<p>\u00a9 2020 Senmiao Technology Ltd. All rights reserved.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN29019&amp;sd=2020-12-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china-301195751.html\">http:\/\/www.prnewswire.com\/news-releases\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china-301195751.html<\/a><\/p>\n<p>SOURCE  Senmiao Technology Limited<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN29019&amp;Transmission_Id=202012180900PR_NEWS_USPR_____CN29019&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHENGDU, China, Dec. 18, 2020 \/PRNewswire\/ &#8212; Senmiao Technology Limited (&#8220;Senmiao&#8221;) (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, Xixingtianxia, for drivers in Changsha, China. Changsha is the second city in China in which Senmiao has launched its platform (along with Chendgu in late October 2020). The expansion to Changsha is strategic for Senmiao, as it has previously served as a core city in which Senmiao initially provided auto financing and leasing services for the ride-hailing market. Changsha is the capital and highest populated city in Hunan Province in China, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402815","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHENGDU, China, Dec. 18, 2020 \/PRNewswire\/ &#8212; Senmiao Technology Limited (&#8220;Senmiao&#8221;) (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, Xixingtianxia, for drivers in Changsha, China. Changsha is the second city in China in which Senmiao has launched its platform (along with Chendgu in late October 2020). The expansion to Changsha is strategic for Senmiao, as it has previously served as a core city in which Senmiao initially provided auto financing and leasing services for the ride-hailing market. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/","og_locale":"en_US","og_type":"article","og_title":"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China - Market Newsdesk","og_description":"PR Newswire CHENGDU, China, Dec. 18, 2020 \/PRNewswire\/ &#8212; Senmiao Technology Limited (&#8220;Senmiao&#8221;) (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, Xixingtianxia, for drivers in Changsha, China. Changsha is the second city in China in which Senmiao has launched its platform (along with Chendgu in late October 2020). The expansion to Changsha is strategic for Senmiao, as it has previously served as a core city in which Senmiao initially provided auto financing and leasing services for the ride-hailing market. Changsha is the capital and highest populated city in Hunan Province in China, &hellip; Continue reading \"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T14:03:46+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN29019&amp;sd=2020-12-18","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China","datePublished":"2020-12-18T14:03:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/"},"wordCount":551,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN29019&amp;sd=2020-12-18","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/senmiao-technology-announces-launch-of-ride-hailing-platform-in-changsha-its-second-major-city-in-china\/","name":"Senmiao Technology Announces Launch of Ride-Hailing Platform in Changsha, its Second Major City in China - 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