Senmiao Technology’s operating subsidiary Hunan Xixingtianxia signed a strategic cooperation agreement with Anhui Lianma Technology, a company with experience in online ride-hailing platform operation in multiple cities in China. Senmiao and Lianma have initiated a strategic cooperation in online ride-hailing platform operations in several major cities in China, including Chengdu, Changsha and Guangzhou. Lianma is responsible for the comprehensive operation of Senmiao’s online ride-hailing platform services under the original model with its partner Gaode. Lianma is to provide Senmiao with support in operating areas including but not limited to business development, driver and vehicle resource management, platform management and customer service. Senmiao will pay Lianma service fees based on the number of completed orders per month.
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