Benzinga | Jan 25, 2022 09:12AM EST

Senmiao Technology Launches Ride-Hailing Platform In Shenyang, A Major City In Northeast China

iao Technology Limited ("Senmiao" or the "Company") (NASDAQ:AIHS), a financing and servicing company focusing on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the launch of its proprietary online ride-hailing platform for drivers in Shenyang, China.

Over 6,000 rides have been completed in Shenyang on Senmiao's online ride-hailing platform since the platform was launched on December 17, 2021. With the addition of Shenyang, Senmiao's platform is now available in 14 cities across China, including six cities in Sichuan Province and eight major cities in other provinces in China.

With a population of approximately 9.1 million, Shenyang is the capital of Liaoning Province, and is the second-largest city in the Northeast China region. In China, Shenyang is well-known as a major industrial center, as well as a famous historic and cultural city nationwide.

Xi Wen, Senmiao's Chairman and Chief Executive Officer, stated, "We are pleased to have launched our online ride-hailing platform in 14 cities throughout China as part of our partnership with Gaode Map (AutoNavi Software Co., Ltd.). Shenyang is an important transportation hub in Northeast China with a long history. As people throughout China continue gradually returning to their normal daily routines, we believe our expansion into major cities like Shenyang will boost the ongoing development of our proprietary online ride-hailing platform. We continue to focus on executing our growth strategy and are confident that our online ride-hailing platform will make increasing contributions to our overall business in 2022."