AIHS - Senmiao technology climbs 12% on launch of ride-hailing platform in Harbin

• Senmiao Technology ( NASDAQ: AIHS ) shares are surging 12% pre market on launch of its proprietary online ride-hailing platform on June 30, 2022 for drivers in Harbin, the capital of Heilongjiang Province.
• Harbin is an international comprehensive transportation hub, an important industrial manufacturing base, and a central city for border development.
• The company's platform is now available in 21 cities across China, including six cities in Sichuan Province and 15 major cities in other provinces in China.
• "We are pleased to continue strengthening our partnership with Gaode Map (AutoNavi Software Co., Ltd.) with the launch of our platform in Harbin, marking the eighth provincial city that Senmiao serves in China.  Following our launch in Shenyang, this presents the growing opportunities for us to expand our business in Northeast China, and we look forward to providing quality online ride-hailing services to the people in Harbin. We expect to continue to launch our platform in other major cities with growth potential, which we anticipate will help improve cash flow in the coming quarters." said Xi Wen, Chairman and CEO

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