Senmiao Technology is a holding company. Via its subsidiaries, Co. facilitates automobile transaction and related services focusing on the ride-hailing industry in People's Republic of China. Co.'s Automobile Transaction and Related Services are comprised of facilitation of automobile transaction and financing where it connects the 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 sells them to its customers in the automobile financing facilitation business; automobile operating lease where it provides car rental services and automobile financing.