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Benzinga

Business

Shivani Kumaresan

Senmiao To Provide Online Ride-Hailing Services For This Travel Agency In China

Nasdaq Changsha Chengdu Guangzhou Tripcom

Senmiao Technology Ltd (NASDAQ:AIHS) said its wholly-owned subsidiary Hunan Xixingtianxia Technology Co Ltd has entered into an agreement with a subsidiary of Trip.com Group Limited (NASDAQ:TCOM).
Under the agreement, Hunan Xixingtianxia will provide online ride-hailing services for clients of Trip.com.
Hunan Xixingtianxia will have access to customers utilizing Trip.com's online platforms, including www.ctrip.com, www.trip.com, and other related websites.
Initially, the arrangement will cater to the cities of Chengdu, Guangzhou, and Changsha with plans for further expansion.
Price Action: AIHS shares are trading lower by 3.00% at $0.97 on the last check Friday.

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