AIHS - Senmiao Technology signs framework agreement with Taoyun Capital

Senmiao Technology ([[AIHS]] +3.5%) announces the signing of a strategic framework agreement with Taoyun Capital, a Beijing-based investment and asset management firm, whereby Senmiao has the right to utilize resources, including online ride-hailing platform licenses, obtained by Taoyun Capital and its affiliates in several cities across China, including but not limited to Beijing and Shanghai.According to the terms of the framework agreement, Senmiao and Taoyun Capital will collaborate in the development of online ride-hailing business, including but not limited to jointly developing systematic solutions for the management of vehicles, platform operation and carrying capacity, and jointly lobbying for favorable industry policies by local governments.

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Senmiao Technology signs framework agreement with Taoyun Capital