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Senmiao Technology (AIHS) to Merge with Fliggy, an Alibaba Affiliate

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Senmiao Technology Announces Business Cooperation with Online Travel Platform Fliggy, an Alibaba Affiliate

May 25, 2022 9:01 AM EDT

CHENGDU, China, May 25, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focusing on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced that its wholly-owned subsidiary, Hunan Xixingtianxia Technology Co., Ltd. ("XXTX") has entered into an agreement with Zhejiang Feizhu Network Technology Co., Ltd. ("Feizhu") and Hangzhou Taomei Airline Service Co., Ltd. ("Hangzhou Taomei"), affiliates of Alibaba, which operate... More