Senmiao Technology Announces Signing Of Strategic Cooperation Agreement With Anhui Lianma Technology, A Company With Experience In Online Ride-Hailing Platform Operation In Multiple Cities In China
Portfolio Pulse from Benzinga Newsdesk
Senmiao Technology Limited (NASDAQ:AIHS) has signed a strategic cooperation agreement with Anhui Lianma Technology to enhance its online ride-hailing platform operations in China. Lianma will manage the comprehensive operation of Senmiao's services in cities like Chengdu, Changsha, and Guangzhou, focusing on business development, resource management, and customer service. Senmiao expects this partnership to increase monthly completed orders and improve operational efficiency, countering recent challenges from competition and compliance checks by Gaode.
January 19, 2024 | 2:03 pm
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Senmiao Technology's strategic partnership with Anhui Lianma is expected to enhance its online ride-hailing platform's performance in China, potentially leading to increased orders and improved operational efficiency.
The strategic cooperation with Anhui Lianma is directly related to Senmiao's core business of online ride-hailing services. The partnership is likely to be viewed positively by investors as it aims to address recent operational challenges and improve the number of completed orders. This could lead to increased revenue and market share, thus potentially having a positive short-term impact on AIHS's stock price.
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