Senmiao Technology Signs Strategic Cooperation With Qinhong Across China

Senmiao Technology Limited (AIHS), a Chinese company specializing in online ride-hailing financing and automobile transaction services, has entered a strategic cooperation agreement with Qinhong International Group to expand their services to small and medium-sized enterprises across China. The partnership leverages Qinhong's expertise in financing facilitation, financial service referrals, and loan consulting, primarily focused in Southwest China, to help Senmiao secure funding and broaden its customer base nationwide. Senmiao’s Chairman and CEO, Xi Wen, highlighted the collaboration as a significant growth opportunity, emphasizing the sharing of resources to mutually support business expansion and revenue growth. Senmiao has shown strong recent momentum with notable revenue growth and a positive stock price return, reflecting confidence in the company’s prospects. The financial terms of the agreement were not disclosed, but both companies aim to utilize their combined strengths and existing business relationships to enhance their foothold in the Chinese SME market. This strategic alliance is expected to boost Senmiao’s operational capabilities and financial health as it expands its footprint across China.