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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for October 2023 [Yahoo! Finance]

Senmiao Technology Limited (AIHS) 
Company Research Source: Yahoo! Finance
company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the operating metrics for its proprietary online ride-hailing platform for the month of October 2023 . In October 2023 , Senmiao and its affiliates recorded 0.57 million total completed orders, compared to 0.61 million total orders completed in September 2023 . The decrease was primarily a result of increased competition and the impact of a compliance check performed by Gaode, Senmiao's online ride-hailing platform partner under the original model , in Chengdu , one of the main cities where Senmiao operates. Numbers reported include the number of completed orders from several ride-hailing platform partners in Chengdu , utilizing Senmiao's network of cars and drivers for a set monthly fee. Since the launch of Senmiao's online ride-hailing platform in October 2020 , approximately 25.4 million rides have been completed using its own platform. Ne Show less Read more
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