Senmiao Technology (NASDAQ: AIHS), a Chinese online ride-hailing financing company, has signed a strategic cooperation agreement with Qinhong International Group. Qinhong, established in 2013, specializes in financing facilitation, financial services referral, and loan consulting for SMEs and financial institutions in Southwest China. The partnership will allow Senmiao to participate in Qinhong's nationwide business operations, while Qinhong will help Senmiao secure financing through its banking relationships. Senmiao's CEO Xi Wen views this collaboration as a growth opportunity that will enable resource sharing, customer base expansion, and revenue enhancement.
Senmiao Technology (NASDAQ: AIHS), un'azienda cinese di finanziamento per il servizio di ride-hailing online, ha firmato un accordo di cooperazione strategica con Qinhong International Group. Fondata nel 2013, Qinhong è specializzata nel facilitare finanziamenti, nel referral di servizi finanziari e nella consulenza sui prestiti per PMI e istituzioni finanziarie nel Sud-Ovest della Cina. Questa partnership consentirà a Senmiao di partecipare alle operazioni commerciali nazionali di Qinhong, mentre Qinhong aiuterà Senmiao ad ottenere finanziamenti grazie alle sue relazioni bancarie. Il CEO di Senmiao, Xi Wen, considera questa collaborazione un'opportunità di crescita che favorirà la condivisione delle risorse, l'espansione della base clienti e l'incremento dei ricavi.
Senmiao Technology (NASDAQ: AIHS), una empresa china de financiamiento para servicios de ride-hailing en línea, ha firmado un acuerdo de cooperación estratégica con Qinhong International Group. Fundada en 2013, Qinhong se especializa en facilitar financiamiento, referir servicios financieros y consultar sobre préstamos para pymes e instituciones financieras en el suroeste de China. La asociación permitirá a Senmiao participar en las operaciones comerciales nacionales de Qinhong, mientras que Qinhong ayudará a Senmiao a asegurar financiamiento a través de sus relaciones bancarias. El CEO de Senmiao, Xi Wen, ve esta colaboración como una oportunidad de crecimiento que permitirá compartir recursos, expandir la base de clientes y aumentar los ingresos.
중국 온라인 차량 호출 금융 회사인 Senmiao Technology(NASDAQ: AIHS)는 Qinhong International Group과 전략적 협력 계약을 체결했습니다. 2013년에 설립된 Qinhong은 중국 남서부 지역의 중소기업 및 금융 기관을 위한 금융 지원, 금융 서비스 추천, 대출 상담을 전문으로 합니다. 이번 파트너십을 통해 Senmiao는 Qinhong의 전국 사업에 참여할 수 있게 되며, Qinhong은 은행 네트워크를 활용해 Senmiao의 자금 조달을 지원할 예정입니다. Senmiao의 CEO인 Xi Wen은 이번 협력을 자원 공유, 고객 기반 확대, 수익 증대를 가능케 하는 성장 기회로 보고 있습니다.
Senmiao Technology (NASDAQ : AIHS), une société chinoise de financement pour le service de covoiturage en ligne, a signé un accord de coopération stratégique avec Qinhong International Group. Fondée en 2013, Qinhong est spécialisée dans la facilitation de financements, la recommandation de services financiers et le conseil en prêts pour les PME et les institutions financières du sud-ouest de la Chine. Ce partenariat permettra à Senmiao de participer aux activités commerciales nationales de Qinhong, tandis que Qinhong aidera Senmiao à obtenir des financements grâce à ses relations bancaires. Le PDG de Senmiao, Xi Wen, considère cette collaboration comme une opportunité de croissance favorisant le partage des ressources, l'élargissement de la clientèle et l'augmentation des revenus.
Senmiao Technology (NASDAQ: AIHS), ein chinesisches Online-Finanzierungsunternehmen für Ride-Hailing, hat eine strategische Kooperationsvereinbarung mit der Qinhong International Group unterzeichnet. Qinhong, gegründet im Jahr 2013, ist spezialisiert auf Finanzierungsvermittlung, Vermittlung von Finanzdienstleistungen und Kreditberatung für KMU und Finanzinstitute im Südwesten Chinas. Die Partnerschaft ermöglicht es Senmiao, an den landesweiten Geschäftsaktivitäten von Qinhong teilzunehmen, während Qinhong Senmiao durch seine Bankkontakte bei der Finanzierung unterstützt. Senmiaos CEO Xi Wen betrachtet diese Zusammenarbeit als Wachstumschance, die Ressourcenteilung, Kundenausweitung und Umsatzsteigerung ermöglicht.
Positive
Strategic partnership enables Senmiao to expand its business presence across China
Access to Qinhong's established network of banks and financial institutions for potential financing
Opportunity to expand customer base through shared resources
Potential for revenue growth through business synergies
Negative
None.
CHENGDU, China, June 12, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, today announced that it has signed a strategic cooperation agreement (the “Agreement”) with Qinhong International Group (“Qinhong”).
Since its incorporation in 2013, Qinhong has provided financing facilitation support, financial services referral and loan consulting services, primarily to small and medium-sized enterprises (“SMEs”) and other financial institutions in Southwest China.
Pursuant to the Agreement, leveraging both companies’ existing business relationships and customer resources, Senmiao will have the opportunity to participate in Qinhong’s business across China. Furthermore, Qinhong, relying on its extensive relationships with banks and other financial institutions, will assist Senmiao in securing financing to fund its business plan, when needed.
Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, “We believe the cooperation with Qinhong represents a new growth and expansion opportunity for Senmiao. Leveraging our combined strengths and expertise, we will be sharing resources to mutually support our businesses, expand customer base and boost revenues.”
About Senmiao Technology Limited
Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees and other automobile transaction services in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website.
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 ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’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.
What is the strategic partnership between Senmiao Technology (AIHS) and Qinhong International Group?
Senmiao Technology has signed a strategic cooperation agreement with Qinhong International Group to share resources, expand their customer base, and participate in Qinhong's business across China, while Qinhong will help Senmiao secure financing through its banking relationships.
How will the partnership benefit Senmiao Technology (AIHS)?
The partnership will allow Senmiao to participate in Qinhong's nationwide business, expand its customer base, and secure financing through Qinhong's banking relationships, potentially boosting revenues.
What services does Qinhong International Group provide in China?
Qinhong International Group, founded in 2013, provides financing facilitation support, financial services referral, and loan consulting services primarily to SMEs and financial institutions in Southwest China.
Who is the CEO of Senmiao Technology (AIHS)?
Xi Wen serves as the Chairman and Chief Executive Officer of Senmiao Technology.
What is Senmiao Technology's (AIHS) main business focus?
Senmiao Technology is a financing and servicing company focused on the online ride-hailing industry in China.
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