Senmiao Technology Announces Cooperation with Hefei Cheyun to Launch Ride-Hailing Business in Hefei, China

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CHENGDU, China, April 15, 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 joint operation agreement with Hefei Cheyun Information Technology Co., Ltd. ("Hefei Cheyun"), an affiliate of Taoyun Capital, which has obtained several licenses issued by municipal administrative departments to operate its online ride-hailing business (the "Licenses") in various cities across China. This agreement is an extension of the previously announced strategic relationship with Taoyun Capital. Hefei Cheyun's parent company operates Yidao, a well-known online ride-hailing platform in China (https://www.yongche.com). Senmiao will partner with Hefei Cheyun to launch its ride-hailing business in Hefei, China in the near future.

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