Press Release

Senmiao Technology launches ride-hailing platform in Tianjin and Foshan

Senmiao Technology Limited announced the launch of its proprietary online ride-hailing platform for drivers in two cities: Tianjin, China, and Foshan, Guangdong Province.

Senmiao launched its online ride-hailing platform in Tianjin and Foshan in late July 2022. With the addition of Tianjin and Foshan, Senmiao’s platform is now available in 24 cities across China, including six cities in Sichuan Province and 18 major cities in other provinces in China. Since the launch in Tianjin and Foshan, Senmiao has completed over 2,000 orders in these two cities through its online ride-hailing platform as of August 15, 2022.

With a population of approximately 13.7 million, Tianjin is a municipality directly governed by the Central Government and is a coastal mega city in Northern China on the shore of the Bohai Sea. It is the largest port city in Northern China and is a global shipping and logistics center, international transportation hub and modern manufacturing base. Tianjin is one of the core functioning cities in the “Jing-Jin-Ji” Metropolitan Region, also known as the Beijing-Tianjin-Hebei Capital Economic Zone, the biggest urbanized region in Northern China.

As a mega city in Guangdong Province with one of the most developed private economies in the country, Foshan is an important manufacturing base in China, a key region in the economic development of Guangdong Province, and a major transportation hub. Foshan is working with Guangzhou to form the “Guangzhou-Foshan Metropolis Circle”, actively promoting Guangzhou-Foshan urbanization. Foshan has a population of 9.5 million and is the core region of Cantonese culture with rich historical and cultural influences.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer, stated, “We are pleased to continue strengthening our partnership with Gaode Map (AutoNavi Software Co., Ltd.) with the launch of our platform in Tianjin and Foshan, which are both strategically significant cities in the areas of transportation and economy in their respective metropolitan regions. We believe the launch in Tianjin will be the catalyst that provides us with better opportunity to capture greater market share in Northern China. Senmiao launched its online ride-hailing platform in Guangzhou in March 2021, and the addition of Foshan allows us to further capture the benefits brought by the urbanization of the Guangzhou-Foshan area. We will continue to explore opportunities to launch our platform in other major cities with growth potential as we seek to expand this business into the future.”

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