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  5. Senmiao Technology Acquires Hunan Ruixi Financial Leasing Co.

M&A Deal Summary

Senmiao Technology Acquires Hunan Ruixi Financial Leasing Co.

On November 28, 2018, Senmiao Technology acquired financial services company Hunan Ruixi Financial Leasing Co.

Acquisition Highlights
  • This is Senmiao Technology’s 1st transaction in the Financial Services sector.
  • This is Senmiao Technology’s 1st transaction in China.

M&A Deal Summary
Date 2018-11-28
Target Hunan Ruixi Financial Leasing Co.
Sector Financial Services
Buyer(s) Senmiao Technology
Deal Type Add-on Acquisition

Target

Hunan Ruixi Financial Leasing Co.

China
Hunan Ruixi Financial Leasing Co., Ltd. is a Chinese licensed financial leasing company focusing on the auto industry.

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Buyer(S) 1

Buyer

Senmiao Technology

Chengdu, China
Category Company
Founded 2014
Sector Internet Software and Services
Employees35
Revenue 3M USD (2025)
DESCRIPTION

Senmiao Technology is an online lending platform connecting investors with individual and small-to-medium-sized enterprise borrowers and creditors. Senmiao Technology was founded in 2014 and is based in Chengdu, China.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1
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