Senmiao Technology Announces Business Cooperation with Online Travel Platform Fliggy, a Subsidiary of Alibaba

CHENGDU, China, May 25, 2022 /PRNewswire/ — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS)a financing and services company focused on the online ridesharing industry in Chinaas well as an operator of its own online carpooling platform, today announced that its wholly owned subsidiary, Hunan Xixingtianxia Technology Co., Ltd. (“XXTX”) entered into an agreement with Zhejiang Feizhu Network Technology Co., (“Feizhu”) and Hangzhou Taomei Airline Service Co., Ltd. (“Hangzhou Taomei”), subsidiaries of Alibaba, which operate the online travel platform Fliggy in China.

Under the terms of the agreement, XXXX will provide online carpooling services to Fliggy users through the Fliggy platform. If XXTX is selected by the Fliggy rider, then the order will be distributed to registered riders on Senmiao’s platform for viewing and acceptance. Senmiao earns commissions for each completed order based on a certain percentage of the order value.

This new commercial cooperation was launched in seven cities: Chengdu, Shanghai, CantonLianyungang, Wenzhou, Shenyang and Qingdaowith more than 400 orders completed since mid-March 2022. XXTX plans to expand its cooperation with Hangzhou Taomei to other cities in China in the future.

Xi WenCEO and President of Senmiao, said, “We are delighted to announce another important cooperation with another leading travel platform in China. Fliggy, known for its discounts on hotel reservations, is one of the China most downloaded mobile applications. We look forward to working closely with Feizhu and Hangzhou Taomei and meeting Fliggy’s customer ridesharing needs. »

About Senmiao Technology Limited

Based at Chengdu, Sichuan ProvinceSenmiao provides automobile transaction and related services, including automobile sales, automobile purchase and financing facilitation and services, management, operating leases, warranties and other services vehicle transaction business, as well as operating its own carpooling platform aimed primarily at growing the online carpooling market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: Senmiao regularly provides important updates on its website.

Caution Regarding Forward-Looking Statements

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’s ridesharing platform) are subject to risks, uncertainties and important assumptions, including those detailed from time to time in Senmiao’s filings with the SEC, and represent the views of Senmiao only as of the date on which they are made and should not be construed as representing the views of Senmiao as of any later date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.

For more information please contact:

In the business:
Yiye Zhou
E-mail: [email protected]
Telephone: +86 28 6155 4399

Investor Relations:
The Equity Group Inc. In China
Caroline Sohnvice president Lucy MaAssociated
+1 415-568-2255 +86 10 5661 7012
[email protected] [email protected]

© 2022 Senmiao Technology Ltd. All rights reserved.

SOURCESenmiao Technology Limited

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