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Stock impact report

Senmiao Technology Announces Signing of Cooperation Agreement for AI-driven Application Development [Yahoo! Finance]

Senmiao Technology Limited (AIHS) 
Company Research Source: Yahoo! Finance
CHENGDU, China Feb. 22, 2024 /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 its operating subsidiary Sichuan Senmiao Zecheng Business Consulting Co., Ltd. ("Zecheng"), has signed a strategic cooperation agreement (the "Agreement") with Chengdu Daren Duoduo Culture Media Co., Ltd. ("Daren Duoduo"), a MCN ("Multi-Channel Network") company focused on providing group purchasing services for local lifestyle merchants and the training and incubation of store-exploring influencers. Pursuant to the Agreement signed on February 20, 2024 , Zecheng and Daren Duoduo will jointly develop an AI-driven application called "Thinking Cell." Thinking Cell is designed to provide customized operation support and services to local lifestyle merchants in their promotional and sales efforts, and Show less Read more
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