Core Viewpoint - Senmiao Technology Limited has signed a strategic cooperation agreement with Changsha Yipeng to develop an AI-backed data management system aimed at enhancing the efficiency of online ride-hailing management platforms [1][3]. Group 1: Company Overview - Senmiao Technology Limited is a financing and servicing company focused on the online ride-hailing industry in China [1]. - The company is headquartered in Chengdu, Sichuan Province, and provides various automobile transaction services, including sales, financing, and operating leases [4]. Group 2: Partnership Details - Changsha Yipeng has over a decade of experience in developing integrated AI-based information systems and big data platforms for various sectors in China [2]. - The agreement allows Changsha Yipeng to utilize Senmiao's historical data related to drivers, vehicles, and riders to create an AI-backed data management system [3]. - Both companies will seek necessary financing for the full development and deployment of the project [3]. Group 3: Strategic Goals - Following the recent sale of its online ride-hailing platform, Senmiao is exploring ways to leverage its accumulated data to generate new revenue sources [4]. - The collaboration with Changsha Yipeng aims to develop an advanced AI platform to achieve these strategic goals [4].