Senmiao Technology Signs a Strategic Cooperation Agreement with Changsha Yipeng to Develop an AI-Backed Data Management System for Online Ride-Hailing Service Providers
Senmiao Technology Signs a Strategic Cooperation Agreement with Changsha Yipeng to Develop an AI-Backed Data Management System for Online Ride-Hailing Service Providers
Senmiao Technology (NASDAQ: AIHS) has entered into a strategic partnership with Changsha Yipeng Information Technology to develop an AI-powered data management system for online ride-hailing platforms. The collaboration leverages Changsha Yipeng's decade-long expertise in AI-based information systems and Senmiao's historical operational data from drivers, vehicles, and riders. This initiative follows Senmiao's recent sale of its online ride-hailing platform, representing a strategic pivot to monetize their accumulated data. The system aims to enhance efficiency and safety in ride-hailing operations, with both companies planning to jointly secure financing for the project's development and implementation.
Senmiao Technology (NASDAQ: AIHS) ha stretto una partnership strategica con Changsha Yipeng Information Technology per sviluppare un sistema di gestione dati basato sull'intelligenza artificiale per le piattaforme di ride-hailing online. La collaborazione sfrutta l'esperienza decennale di Changsha Yipeng nei sistemi informativi basati sull'IA e i dati operativi storici di Senmiao provenienti da conducenti, veicoli e passeggeri. Questa iniziativa segue la recente vendita della piattaforma di ride-hailing online di Senmiao, segnando una svolta strategica per monetizzare i dati accumulati. Il sistema mira a migliorare l'efficienza e la sicurezza nelle operazioni di ride-hailing, con entrambe le aziende che prevedono di ottenere congiuntamente finanziamenti per lo sviluppo e l'implementazione del progetto.
Senmiao Technology (NASDAQ: AIHS) ha establecido una alianza estratégica con Changsha Yipeng Information Technology para desarrollar un sistema de gestión de datos impulsado por inteligencia artificial para plataformas de transporte compartido en línea. La colaboración aprovecha la experiencia de una década de Changsha Yipeng en sistemas de información basados en IA y los datos operativos históricos de Senmiao provenientes de conductores, vehículos y pasajeros. Esta iniciativa sigue a la reciente venta de la plataforma de transporte compartido en línea de Senmiao, representando un giro estratégico para monetizar los datos acumulados. El sistema busca mejorar la eficiencia y seguridad en las operaciones de transporte compartido, y ambas compañías planean obtener financiamiento conjunto para el desarrollo e implementación del proyecto.
Senmiao Technology(NASDAQ: AIHS)는 Changsha Yipeng Information Technology와 전략적 파트너십을 맺고 온라인 라이드헤일링 플랫폼을 위한 AI 기반 데이터 관리 시스템을 개발하고 있습니다. 이번 협력은 AI 기반 정보 시스템 분야에서 10년 이상의 경험을 보유한 Changsha Yipeng과 운전자, 차량, 승객의 과거 운영 데이터를 가진 Senmiao의 강점을 결합한 것입니다. 이 사업은 Senmiao가 최근 온라인 라이드헤일링 플랫폼을 매각한 후 축적된 데이터를 수익화하기 위한 전략적 전환의 일환입니다. 이 시스템은 라이드헤일링 운영의 효율성과 안전성을 향상시키는 것을 목표로 하며, 양사는 프로젝트 개발 및 실행을 위한 공동 자금 조달을 계획하고 있습니다.
Senmiao Technology (NASDAQ : AIHS) a conclu un partenariat stratégique avec Changsha Yipeng Information Technology pour développer un système de gestion des données alimenté par l'intelligence artificielle destiné aux plateformes de covoiturage en ligne. Cette collaboration s'appuie sur l'expertise de dix ans de Changsha Yipeng dans les systèmes d'information basés sur l'IA ainsi que sur les données opérationnelles historiques de Senmiao provenant des conducteurs, des véhicules et des passagers. Cette initiative fait suite à la récente cession de la plateforme de covoiturage en ligne de Senmiao, marquant un virage stratégique visant à monétiser leurs données accumulées. Le système vise à améliorer l'efficacité et la sécurité des opérations de covoiturage, les deux entreprises prévoyant de financer conjointement le développement et la mise en œuvre du projet.
Senmiao Technology (NASDAQ: AIHS) ist eine strategische Partnerschaft mit Changsha Yipeng Information Technology eingegangen, um ein KI-gestütztes Datenmanagementsystem für Online-Fahrdienstplattformen zu entwickeln. Die Zusammenarbeit nutzt die jahrzehntelange Expertise von Changsha Yipeng in KI-basierten Informationssystemen sowie Senmiaos historische Betriebsdaten von Fahrern, Fahrzeugen und Fahrgästen. Diese Initiative folgt auf den kürzlichen Verkauf von Senmiaos Online-Fahrdienstplattform und stellt eine strategische Neuausrichtung dar, um die gesammelten Daten zu monetarisieren. Das System soll die Effizienz und Sicherheit im Fahrdienstbetrieb verbessern, wobei beide Unternehmen planen, gemeinsam Finanzmittel für die Entwicklung und Implementierung des Projekts zu sichern.
Positive
Partnership with an experienced AI technology company with over 10 years of expertise
Potential new revenue stream from monetizing existing historical data
Strategic pivot following the sale of ride-hailing platform
Negative
Additional financing needed for full development and deployment
No immediate revenue impact as system is still in development phase
Recent divestment of core ride-hailing platform indicates business model transition
CHENGDU, China, June 13, 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 Changsha Yipeng Information Technology Co., Ltd. (“Changsha Yipeng”) to jointly develop an AI-backed data management system aiming to improve efficiency of online ride-hailing management platforms.
Changsha Yipeng has over a decade of experience in developing integrated AI-based information systems, big data, and cloud platforms for government and private entities in China, across a variety of sectors.
Pursuant to the Agreement, Changsha Yipeng will utilize Senmiao’s data (related to drivers, vehicles and riders) from its historical operating information, to develop an AI-backed data management system to facilitate the collection and analysis of data and ultimately provide online ride-hailing service providers with efficient and safe ways to operate their service vehicles. Along with the development of the project,, both parties will jointly seek necessary financing for its full development and deployment.
Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, “Following the recent sale of our online ride-hailing platform, we have been actively exploring ways to utilize the vast amount of data we have gathered over the years to generate new revenue sources for Senmiao. We are excited to be working with Changsha Yipeng towards the development of an advanced AI platform to achieve this goal.”
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 purpose of Senmiao Technology's (AIHS) new AI partnership with Changsha Yipeng?
The partnership aims to develop an AI-backed data management system to improve efficiency and safety in online ride-hailing operations by utilizing Senmiao's historical operational data.
How will AIHS monetize its ride-hailing data after selling its platform?
Senmiao plans to monetize its historical driver, vehicle, and rider data through the development of an AI-backed management system in partnership with Changsha Yipeng.
What experience does Changsha Yipeng bring to the AIHS partnership?
Changsha Yipeng brings over a decade of experience in developing integrated AI-based information systems, big data, and cloud platforms for government and private entities in China.
How will the new AI system be funded for AIHS and Changsha Yipeng?
Both companies will jointly seek necessary financing for the full development and deployment of the AI-backed data management system.
What type of data will be used in AIHS's new AI management system?
The system will utilize Senmiao's historical operating information related to drivers, vehicles, and riders from its previous ride-hailing platform.
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