Streetbeat News

AIHS

Senmiao Technology Limited

https://www.senmiaotech.com

Industry

Financial - Credit Services

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. The company offers car rental services to individual customers; and auto finance solutions through financing leases. It also engages in automobile sales; the facilitation of automobile transaction and financing; and the provision of supporting services provided to online ride-hailing drivers, as well as management and guarantee services. The company was founded in 2014 and is headquartered in Chengdu, the People's Republic of China.

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Senmiao Technology announced that its unit has entered into an acquisition agreement with Jiangsu Yuelaiyuexing Technology and others. The acquisition involves debt assumption but no cash consideration.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:56 pm

In Monday's pre-market session, financial stocks showed significant movement. Palmer Square Capital BDC (PSBD) led the gainers with a 29.1% increase following its FY earnings report. Other notable gainers included Reliance Global Group (RELI), Bakkt Holdings (BKKT), Solowin Holdings (SWIN), KB Financial Group (KB), and Coinbase Global (COIN). On the losing side, ACRES Commercial Realty (ACR) saw a 9.1% decrease after its Q4 earnings, with Senmiao Tech (AIHS), Garden Stage (GSIW), Better Home & Finance (BETR), and Lion Group Holding (LGHL) also experiencing declines.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

Senmiao Technology has entered into a cooperation agreement with Chengdu Daren Duoduo Culture Media to jointly develop an AI-driven application aimed at supporting Senmiao's drivers. This collaboration signifies Senmiao's venture into enhancing its services through AI technology, potentially improving operational efficiency and driver satisfaction.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:06 pm

Banking and financial services stocks are experiencing an uptick after a recent downturn caused by disappointing US inflation data. This rebound reflects a positive shift in investor sentiment towards the sector.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:00 pm

Senmiao Tech (NASDAQ:AIHS) reported a Q3 EPS of $(0.10), improving from $(0.13) YoY. However, sales decreased to $1.62M from $1.74M YoY.

Portfolio Pulse from Happy Mohamed

February 12, 2024 | 2:02 pm

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.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:03 pm

Financial stocks are trading lower due to overall market weakness and comments from New York Fed President Williams indicating that the central bank is not considering rate cuts at the moment.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 8:22 pm

Seminao Technology's stock is trading higher following the announcement of improved year-over-year earnings per share (EPS) for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:21 pm

Senmiao Technology reported its Q2 2023 earnings with an EPS of $(0.12), an improvement from $(0.15) year-over-year. However, revenue decreased to $1.8M from $2.2M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 10:56 pm

Senmiao Technology Limited (NASDAQ:AIHS) reported a slight decrease in total completed orders for its online ride-hailing platform in September 2023, with 0.61 million orders compared to 0.62 million in August 2023. The decrease was primarily due to a drop in completed orders from partner platforms under a new model, partially offset by an increase in completed orders by Senmiao's own platform. The number of active drivers increased from 5,412 in August to 6,065 in September.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 1:19 pm

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