Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for October 2023
- CHENGDU, China , Nov. 22, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of October 2023. In October 2023, Senmiao and its affiliates recorded 0.57 million total completed orders, compared to 0.61 million total orders completed in September 2023.
- 11/22/2023
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Senmiao Technology Reports Fiscal 2024 Second Quarter Financial Results
- CHENGDU, China , Nov. 14, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2024 second quarter ended September 30, 2023. Fiscal 2024 Second Quarter Financial and Operating Highlights Total revenues of $1.8 million, compared to $2.2 million in the prior-year period, primarily due to decreased revenues from online ride-hailing platform services as a result of fewer completed orders due to increased competition and compliance checks conducted by a partner platform in Guangzhou.
- 11/14/2023
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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for September 2023
- CHENGDU, China , Oct. 23, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of September 2023. In September 2023, Senmiao and its affiliates recorded 0.61 million total completed orders, compared to 0.62 million total orders completed in August 2023.
- 10/23/2023
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Senmiao Technology Announces Signing of Strategic Cooperation Agreement with Sichuan Xingyuan Ronghe New Energy Group
- CHENGDU, China , Oct. 17, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that the Company's operating subsidiary Hunan Xixingtianxia Technology Co., Ltd. ("XXTX"), has signed a strategic cooperation agreement with Sichuan Xingyuan Ronghe New Energy Co., Ltd.
- 10/17/2023
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Senmiao Technology Announces Signing of Strategic Cooperation Agreement with Heilongjiang Kunrui Financing Guarantee
- CHENGDU, China , Sept. 28, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that the Company's operating subsidiary Hunan Xixingtianxia Technology Co., Ltd.
- 09/28/2023
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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for August 2023
- CHENGDU, China , Sept. 14, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of August 2023.
- 09/14/2023
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Senmiao Technology Announces Signing of Strategic Cooperation Agreement with Zhongfu Wuyou Shenzhen Technology
- CHENGDU, China , Sept. 8, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that the Company's operating subsidiary Hunan Xixingtianxia Technology Co., Ltd.
- 09/08/2023
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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for July 2023
- CHENGDU, China , Aug. 23, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of July 2023. In July 2023, Senmiao and its affiliates recorded 0.69 million total completed orders, compared to 0.74 million total orders completed in June 2023.
- 08/23/2023
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Senmiao Technology Reports Fiscal 2024 First Quarter Financial Results
- CHENGDU, China , Aug. 14, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2024 first quarter ended June 30, 2023. Fiscal 2024 First Quarter Financial and Operating Highlights Total revenues of $2.1 million, compared to $2.3 million in the prior-year period, primarily due to lower revenues from online ride-hailing platform services as a result of increased competition.
- 08/14/2023
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Senmiao Technology Provides Transportation Services for 2023 Summer World University Games in Chengdu
- CHENGDU, China , Aug. 4, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that the Company's operating subsidiary, Chengdu Jiekai Technology Co., Ltd. ("Jiekai") is providing transportation services for the 2023 Summer World University Games ("World University Games"), taking place in Chengdu, Sichuan Province from July 28 th to August 8 th, 2023.
- 08/04/2023
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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for June 2023
- CHENGDU, China , July 19, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of June 2023. In June 2023, Senmiao and its affiliates recorded more than 0.7 million total completed orders, compared to approximately 0.8 million total orders completed in May 2023.
- 07/19/2023
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Senmiao Technology Reports Fiscal 2023 Year-end Financial Results
- CHENGDU, China , July 12, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal year ended March 31, 2023. Fiscal 2023 Year-end Financial and Operating Highlights Total revenues of $8.1 million from continuing operations, an increase of 64.5% from $4.9 million in the prior fiscal year, primarily as a result of increased operating lease revenues from automobile rentals and increased revenues from online ride-hailing platform services.
- 07/12/2023
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Top Reddit Penny Stocks That Retail Traders Are Watching Now
- Why retail traders are watching these Reddit penny stocks right now The post Top Reddit Penny Stocks That Retail Traders Are Watching Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 11/03/2021
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5 Penny Stocks To Buy For Under $1 On Webull Right Now
- Are these Webull penny stocks to buy or avoid right now? The post 5 Penny Stocks To Buy For Under $1 On Webull Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 11/03/2021
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5 Penny Stocks to Watch That Exploded Today, What You Need to Know
- These penny stocks exploded during today's trading session, are they worth watching or not? The post 5 Penny Stocks to Watch That Exploded Today, What You Need to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 09/23/2021
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AIHS Stock: Why It Increased Today
- The stock price of Senmiao Technology Ltd (NASDAQ: AIHS) increased by over 17% today. This is why it happened.
- 09/23/2021
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Senmiao Technology Announces New Cooperation Agreement with Leading E-commerce Platform for Servicing Major Cities of Chengdu and Guangzhou
- CHENGDU, China, Sept. 14, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a new contract with Shanghai Lutuan Technology, an affiliate of Meituan (HK: 3690), China's leading e-commerce platform for services focused on its "Food + Platform" strategy.
- 09/14/2021
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Senmiao Technology Reports Fiscal 2022 First Quarter Financial Results
- CHENGDU, China, Aug. 16, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2022 first quarter ended June 30, 2021. Fiscal 2022 First Quarter Financial and Operating Highlights Total revenues of $1.9 million, an increase of approximately 61% from $1.1 million in the prior-year period, primarily as a result of increased operating lease revenues from automobile rentals as Senmiao has shifted its focus to this business in direct response to the COVID-19 pandemic.
- 08/16/2021
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Senmiao Technology Announces Approximately 1.7 Million Completed Rides on its Ride-Hailing Platform in July 2021
- CHENGDU, China, Aug. 11, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of July 2021. From June 2021 to July 2021, the number of completed orders decreased approximately 19.8%, primarily due to a decrease in orders received through one of Senmiao's partnerships as well as a COVID-19 resurgence in Chengdu, which resulted in travel restrictions and lockdowns being implemented by the local government.
- 08/12/2021
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4 Hot Penny Stocks to Watch as August Turns Bullish
- Penny stocks are starting August Strong, here's 4 for your watchlist right now The post 4 Hot Penny Stocks to Watch as August Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 08/02/2021
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Senmiao Technology Announces Signing of Framework Agreement with BYD's Biggest Dealer in China for Leasing of 6,000 Automobiles
- CHENGDU, China, July 30, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a framework agreement with Baijuyi (Qingdao) New Energy Car Limited ("Baijuyi"), whereby Senmiao expects to lease 6,000 automobiles for its ride-hailing business. As of the end of July 2021, 150 automobiles have been delivered to Senmiao in Chengdu and Guangzhou pursuant to the framework agreement.
- 07/30/2021
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Senmiao Technology Reports Fiscal 2021 Year-end Financial Results
- CHENGDU, China, July 8, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China and an operator of its own online ride-sharing platform, today announced financial results for the fiscal year ended March 31, 2021. Fiscal 2021 Financial and Operating Highlights Total revenues of $6.2 million, compared to $15.7 million in the prior fiscal year, primarily as a result of fewer newly facilitated automobile purchases and automobiles sold due to the adverse effects of the COVID-19 pandemic on online ride-hailing and the greater transportation industry as public travel restrictions were instituted Significant decrease in revenues from automobile sales was offset by a $2.1 million increase in operating lease revenues from automobile rentals as Senmiao shifted its focus to this business in direct response to the pandemic, as well as $0.9 million in revenues from its online ride-hailing platform, which launched in October 2020 and has seen a significant ramp over the past several months, which is expected to continue given new and expanded partnerships and plans to expand to other cities From October 23, 2020, the date Senmiao launched its online ride-hailing platform, to March 31, 2021, 4.4 million rides were completed through the platform with fares paid by riders totaling $12.4 million Net cash used in operating activities from continuing operations of $2.2 million, compared to $4.5 million in the prior fiscal year Management Commentary Xi Wen, Chairman, Chief Executive Officer and President of Senmiao, stated, "We believe Senmiao is better positioned today to become the leading financing and servicing company for the online ride-hailing industry in China as a result of the business decisions made in response to the challenges we overcame during the global pandemic.
- 07/08/2021
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Hot Penny Stocks to Buy For the Rest of 2021? Check These 8 Out
- With July in full swing, which penny stocks are you watching this month? The post Hot Penny Stocks to Buy For the Rest of 2021?
- 07/01/2021
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7 Trending Penny Stocks That You Need to Know About in July 2021
- Are these trending penny stocks worth adding to your watchlist? The post 7 Trending Penny Stocks That You Need to Know About in July 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 06/30/2021
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Senmiao Technology to Report Fiscal 2021 Year-end Financial Results by July 9, 2021
- CHENGDU, China, June 29, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China and an operator of its own online ride-sharing platform, today announced that it expects to issue its financial results for the year ended March 31, 2021, prior to the opening of the stock market on or before Friday, July 9, 2021. The Company also plans to file its Annual Report on Form 10-K (the "Annual Report") on or before July 9, 2021.
- 06/29/2021
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Top Penny Stocks to Buy in July? 7 You May Not Know About
- Looking for penny stocks to buy in July 2021? Here's 7 for your watchlist The post Top Penny Stocks to Buy in July?
- 06/28/2021
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Hot Reopening Penny Stocks to Buy? 8 For Your Watchlist in 2021
- Looking for the best reopening penny stocks to watch? Check these out for your list The post Hot Reopening Penny Stocks to Buy?
- 06/25/2021
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4 Penny Stocks to Watch That Are Pushing Up in June 2021
- Are these the best penny stocks to watch in June 2021? The post 4 Penny Stocks to Watch That Are Pushing Up in June 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 06/10/2021
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Senmiao Technology Announces Over 2.1 Million Completed Rides on its Ride-Hailing Platform in May 2021
- CHENGDU, China, June 7, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of May 2021. From April 2021 to May 2021, the growth rate of the number of completed orders was approximately 20%, and the growth rate of the number of drivers completing rides via the platform (known as Active Drivers) was approximately 9%.
- 06/07/2021
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Senmiao Technology Announces $6.5 Million Registered Direct Offering
- CHENGDU, China, May 11, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that it has entered into a securities purchase agreement with certain institutional investors for a registered direct offering of approximately $6.5 million of its common stock, priced at-the-market under the Nasdaq rules at a price of $1.175 per share. In addition, the Company will issue certain warrants to the investors in this offering to purchase a total of 5,531,916 shares of common stock at a purchase price of $1.05 per share.
- 05/11/2021
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Senmiao Technology Announces Approximately 1.8 Million Completed Rides on its Ride-Hailing Platform in April 2021
- CHENGDU, China, May 6, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of April 2021. From March 2021 to April 2021, the growth rate of the number of completed orders was approximately 16%, and the growth rate of the number of drivers completing rides via the platform (known as Active Drivers) was approximately 44%.
- 05/06/2021
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Senmiao Technology Announces Cooperation with Travelgo.com
- CHENGDU, China, April 28, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a cooperation agreement with Nanjing Tongyou Tianxia Auto Leasing Co., Ltd., an affiliate of Tongcheng-Elong Holdings Limited (HKSE: 0780) that operates Travelgo.com, which is part of LY.com, a leading provider of leisure travel in China.
- 04/28/2021
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Senmiao Technology Announces Cooperation with Hefei Cheyun to Launch Ride-Hailing Business in Hefei, China
- CHENGDU, China, April 15, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a joint operation agreement with Hefei Cheyun Information Technology Co., Ltd. ("Hefei Cheyun"), an affiliate of Taoyun Capital, which has obtained several licenses issued by municipal administrative departments to operate its online ride-hailing business (the "Licenses") in various cities across China.
- 04/15/2021
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Senmiao Technology Announces Signing of Framework Agreement with Taoyun Capital
- CHENGDU, China, April 12, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced 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. Ride-hailing platforms in China are required to obtain a license for operation in each municipality.
- 04/12/2021
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Senmiao Technology Announces Over 1.5 Million Completed Rides on its Ride-Hailing Platform in March 2021
- CHENGDU, China, April 7, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced operating metrics for its proprietary online ride-hailing platform for the month of March 2021. The growth rate of the number of completed orders and drivers completing rides and earning income via the platform (known as Active Drivers) from February 2021 to March 2021 was approximately 117% and 64%, respectively.
- 04/07/2021
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Senmiao Technology Launches Ride-Hailing Platform in Guangzhou, China's Third Largest City
- CHENGDU, China, March 31, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused 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 Guangzhou, China. Guangzhou is the fourth city in China in which Senmiao has launched its ride-hailing platform.
- 03/31/2021
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Senmiao Technology Continues its Cooperation with BYD in a Celebration of the Latest Delivery of Electric Vehicles for Ride-Hailing
- CHENGDU, China, March 23, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that Senmiao today celebrated the recent delivery in Chengdu of electric vehicles (EVs) manufactured by BYD Company Limited ("BYD", HK:1211 and SZSE: 002594) from an authorized dealer of BYD Auto Sales Co., Ltd., which is a wholly-owned subsidiary of BYD.
- 03/23/2021
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Senmiao Technology Reports Fiscal 2021 Third Quarter Financial Results, Provides January 2021 Operating Metrics
- CHENGDU, China, Feb. 16, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as its own online ride-hailing platform, today announced financial...
- 02/16/2021
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Senmiao Technology Announces Closing of $7 Million Registered Direct Offering
- CHENGDU, China, Feb. 10, 2021 /PRNewswire/ -- Senmiao Technology Limited (Nasdaq: AIHS) ("Senmiao") a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced...
- 02/10/2021
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Senmiao Technology Announces Expansion of Cooperation with China's Leading E-commerce Services Platform Meituan
- CHENGDU, China, Feb. 5, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced...
- 02/05/2021
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Senmiao Technology Schedules 2020 Third Quarter Financial Results for November 20, 2020
- CHENGDU, China, Nov. 16, 2020 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that the Company expects to issue its financial results for...
- 11/16/2020
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Senmiao Technology Announces Order of 500 Electric Vehicles Under Framework Agreement with BYD
- CHENGDU, China, Nov. 6, 2020 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that it has ordered 500 electric vehicles ("EVs") manufactured...
- 11/06/2020
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Senmiao Technology Announces Signing of Framework Agreement with Internet of Vehicles Provider Luxingtong
- CHENGDU, China, Nov. 2, 2020 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the signing of a framework agreement with Chengdu Luxingtong...
- 11/02/2020
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Airbus Deliveries Hit New High (OTCMKTS:EADSF)
- Airbus deliveries hit new high for the year and key level. European jet maker is positioned well to reach 500 deliveries in a crisis year.
- 10/12/2020
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Small investment funds buy Venezuela bonds to pressure Maduro and Guaido
- Small investment funds buy Venezuela bonds to pressure Maduro and Guaido
- 10/12/2020
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IT’SUGAR, a subsidiary of BBX Capital Corporation and BBX Capital Florida LLC, has Filed for Chapter 11 Bankruptcy Protection
- IT’SUGAR, a subsidiary of BBX Capital Corporation and BBX Capital Florida LLC, has Filed for Chapter 11 Bankruptcy Protection
- 09/22/2020
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Senmiao Technology Announces Unaudited Financial Results for First Quarter of Fiscal Year 2021
- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services (the "Auto Business") targeting the online ride-hailing industry in China, today announced its unaudited financial results for the quarter ended June 30, 2020.
- 08/19/2020
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Senmiao Technology Limited Announces Closing of US$6.0 Million Public Offering of Common Stock
- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the closing of its previously announced underwritten public offering of 12,000,000 shares of common stock at a price of $0.50 per share. The total gross proceeds from the offering are US$6.0 million, prior to deducting underwriting discounts and offering expenses.
- 08/06/2020
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Senmiao Technology Limited Announces Pricing of Public Offering of Shares of Common Stock
- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock at a public offering price of $0.50 per share, before underwriting discounts and commissions. In addition, Senmiao has granted the underwriters a 45-day option to purchase up to an additional 1,800,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. All shares of common stock are being offered by Senmiao. Gross proceeds from the offering will be approximately US$6 million. The offering is expected to close on or about August 6, 2020, subject to the satisfaction of customary closing conditions.
- 08/04/2020
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Mid-Afternoon Market Update: Crude Oil Rises 2.5%; Harmonic Shares Climb On Upbeat Results
- Toward the end of trading Tuesday, the Dow traded up 0.41% to 26773.75 while the NASDAQ rose 0.20% to 10924.15. The S&P also rose, gaining 0.20% to 3,301.10.
The U.S. has the...
- 08/04/2020
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Senmiao Technology Announces Proposed Public Offering of Common Stock
- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced it has commenced an underwritten public offering of shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
- 08/03/2020
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Why Senmmiao's Stock Is Trading Higher Today
- Senmmiao Technologies (NASDAQ: AIHS) shares are trading higher on Monday after the company announced a strategic cooperation deal with a large auto dealer to expand access to electric vehicles.Senmiao Technology is engaged in automobile transaction and related services comprised of facilitation of automobile transaction and financing where the company connects the prospective ride-hailing drivers to financial institutions to buy, or get financing on the purchase of, cars to be used to provide ride-hailing services; automobile sales where it procures new cars from dealerships and sell them to customers in the automobile financing facilitation business; automobile operating lease where it provides car rental services to individual customers to meet their personal needs with lease term no more than twelve months; and automobile financing where the company provide customers with auto finance solutions through financing leases.Senmmiao Technologies shares were trading up 18.21% to 81 cents at time of publication on Monday. The stock has a 52-week high of $2.35 and a 52-week low of 26 cents.See more from Benzinga * Why Senmiao Technology's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Senmiao Technology Signs Strategic Cooperation Agreement with Large Auto Dealer Group to Expand Auto Business and Increase Access to Electric Vehicles
- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that it has signed a strategic cooperation agreement with Sichuan Hongyu Enterprise Management Co., Ltd. ("Hongyu Auto") to facilitate the purchase of electric vehicles ("EVs") and cross-promote their brands, products and services for a term of three years, with a goal to further expand its automobile transaction and related services business ("Auto Business"). Based in Chengdu, Hongyu Auto is one of the largest auto dealer groups in southwest China.
- 08/03/2020
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Senmiao Technology Announces Financial Results for Fiscal Year Ended March 31, 2020
- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services targeting the ride-hailing industry in China, today announced its financial results for its full fiscal year ended March 31, 2020.
- 07/09/2020
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Senmiao Technology Signs an Investment Agreement with Hongyi Industrial Group to Invest RMB50 Million in Senmiao's Auto Business
- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that its Chinese variable interest entity has secured a RMB50 million (approximately US$7 million) investment from Hongyi Industrial Group Co., Ltd. ("Hongyi"), an affiliate of the largest shareholder of Chengdu Road & Bridge Engineering Co., Ltd., a construction engineering company publicly listed on the A-Share market in China.
- 07/08/2020
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Why Senmiao Technology's Stock Is Trading Higher Today
- Senmiao Technology (NASDAQ: AIHS) shares are trading higher on Wednesday after the company announced it has signed an investment agreement with Hongyi Industrial Group for roughly...
- 07/08/2020
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Why the Best Penny Stock to Buy Today Isn't IDEX
- The best penny stock to buy in June might be IDEX. But if you're looking for more immediate upside, you might want to consider this other penny stock...
- 06/19/2020
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Bitcoin Hashrate Slides 33% Since Halving - Difficulty Drops, Issues in Sichuan China | Mining Bitcoin News
- With more than 33% of the bitcoin hashrate lost, reports stemming from Sichuan show that bitcoin miners are dealing with electrical shortages
- 05/22/2020
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Is Senmiao Technology Limited (NASDAQ:AIHS) A Volatile Stock?
- If you own shares in Senmiao Technology Limited (NASDAQ:AIHS) then it's worth thinking about how it contributes to the...
- 03/19/2020
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8 Financial Services Stocks Moving In Wednesday's Pre-Market Session
- Gainers
Qudian, Inc. (NYSE: QD) shares rose 2.0% to $2.25 during Wednesday's pre-market session. According to the most recent rating by Nomura, on January 22, the...
- 02/19/2020
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12 Financial Services Stocks Moving In Tuesday's Pre-Market Session
- Gainers
Senmiao Technology, Inc. (NASDAQ: AIHS) shares moved upwards by 67.8% to $0.99 during Tuesday's pre-market session.
Legg Mason Inc-LeggMason, Inc. (NYSE: LM...
- 02/18/2020
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Senmiao Technology Announces Unaudited Financial Results for its Third Fiscal Quarter Ended December 31, 2019
- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services in China, today announced its unaudited financial results for its third fiscal quarter ended December 31, 2019.
- 02/14/2020
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DoT okays merger of Tata Tele consumer mobility business with Airtel
- The closure of the deal will help Airtel absorb the Tata telcos consumer mobile operations in 19 circles.
- 02/06/2020
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Senmiao Technology Announces Unaudited Financial Results for its Second Fiscal Quarter Ended September 30, 2019
- Record Revenues and Profitability for Senmiao Technology's Automobile Transaction and Related Services Business CHENGDU, China , Nov. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited (NASDAQ: AIHS) ...
- 11/14/2019
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Did You Manage To Avoid Senmiao Technology's (NASDAQ:AIHS) Devastating 92% Share Price Drop?
- As every investor would know, you don't hit a homerun every time you swing. But it's not unreasonable to try to avoid...
- 10/02/2019
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Senmiao Technology Announces Unaudited Financial Results for First Quarter of Fiscal Year 2020
- Record Revenues and Profitability for the Automobile Transaction and Related Services Business CHENGDU, China , Aug. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), ...
- 08/14/2019
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Senmiao Technology Reports Financial Results for Fourth Fiscal Quarter and Fiscal Year 2019
- Results demonstrate positive transition of Senmiao's primary business model from peer-to-peer lending to automobile transactions in China CHENGDU, China , July 3, 2019 /PRNewswire/ -- Senmiao Technology ...
- 07/03/2019
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Senmiao Technology Announces Closing of $6.0 Million Registered Direct Offering
- After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $5.3 million. The Company intends to use the net proceeds of the offering for general corporate purposes, including automobile purchases, the costs of providing leasing and other automobile transaction services, including financial leasing, costs of developing other types of financing businesses, investments in other entities, costs of technology development, costs of new hires, capital expenditures, working capital and the costs of operating as a public company. Additionally, the Company will reserve at least $500,000 of the proceeds to be used solely to satisfy any reasonable legal, audit, accounting and other professional fees and expenses of the Company.
- 06/21/2019
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Senmiao Technology Announces Entry into Agreements for Registered Direct Public Offering of $6.0 Million of Common Stock and Warrants
- CHENGDU, China, June 18, 2019 /PRNewswire/ -- Senmiao Technology Limited (Senmiao) (AIHS), an operator of an online lending marketplace connecting Chinese investors with individual and small-to-medium-sized enterprise borrowers, and a provider of automobile transactions and related services in China, announced today that it has entered into a securities purchase agreement with six (6) accredited investors with respect to a registered direct public offering of approximately $6.0 million of shares of common stock at a price of $3.38 per share. The Company will issue an aggregate of 1,781,361 shares of common stock to such accredited investors. The Company will also issue to the accredited investors Series A warrants to purchase up to 1,336,021 shares of common stock at an exercise price of $3.72 per share.
- 06/18/2019
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Chinese P2P Lender Senmiao Technology Announces Terms For Upcoming $14 Million IPO
- Last week, Chinese peer-to-peer lending platform Senmiao Technology announces terms for its upcoming $14 million U.S. initial public offering (IPO). Founded
- 02/08/2018
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