Senmiao Technology and Qinhong International sign partnership to promote services for SMEs in China

* Senmiao Technology (NASDAQ:AIHS [https://seekingalpha.com/symbol/AIHS]) Thursday said that it has signed a strategic cooperation agreement with Qinhong International Group.
* Since its incorporation in 2013, Qinhong has provided financing facilitation support, financial services referral, and loan consulting services, primarily to small and medium-sized enterprises (“SMEs”) and other financial institutions in Southwest China.
* Under the agreement, leveraging both companies’ existing business relationships and customer resources, Senmiao (NASDAQ:AIHS [https://seekingalpha.com/symbol/AIHS]) will have the opportunity to participate in Qinhong’s business across China.
* Furthermore, Qinhong, relying on its extensive relationships with banks and other financial institutions, will assist Senmiao in securing financing to fund its business plan when needed.
* Source: Press Release [https://seekingalpha.com/pr/20134637-senmiao-technology-and-qinhong-international-group-sign-a-strategic-cooperation-agreement-to]

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* Financial information for Senmiao Technology [https://seekingalpha.com/symbol/AIHS/income-statement]