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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for April 2023
CHENGDU, China, May 15, 2023 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company focused
About this update from Senmiao Technology Limited
[{"type":"text","content":"CHENGDU, China, May 15, 2023 /PRNewswire/ -- Senmiao Technology Limited (\"Senmiao\" or the \"Company\") (Nasdaq: AIHS), a financing and servicing 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 April 2023. In April 2023, Senmiao and its affiliates recorded approximately 0.9 million total completed orders, a 2.5% increase from over 0.8 million total orders completed in March 2023.\nNumbers reported include the number of completed orders from several ride-hailing platforms in Chengdu (Meituan, Xiehua, Anma and other platforms), utilizing Senmiao's network of cars and drivers for a set monthly fee.\nSince the launch of Senmiao's online ride-hailing platform in October 2020, over 22.7 million rides have been completed using its own platform. Over 7.6 million rides have been completed on Meituan, Xiehua, Anma and other platforms in partnership with Senmiao since August 2021. The number of drivers completing rides via all the platforms (known as Active Drivers) in April 2023 was 7,422, up approximately 4.7% from 7,092 in March 2023.\nThe table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since the launch in October 2020.\nCompleted Orders under Original Model[1]\n(in 000s)\nCompleted Orders under New Model[2] (in 000s)\nTotal CompletedOrders\n(in 000s)\nTotal Fares Paid by Riders\n(in 000s USD$)\nActiveDrivers\nOct-Dec 2020\n1,318\n1,318\n4,039\nN/A\nJan-Dec 2021\n13,360\n2,485\n15,845\n49,505\nN/A\nJan 2022\n455\n492\n947\n3,413\n7,085\nFeb 2022\n344\n371\n715\n2,651\n6,008\nMar 2022\n534\n480\n1,014\n3,660\n7,091\nApr 2022\n502\n369\n871\n3,009\n6,095\nMay 2022\n581\n357\n938\n3,286\n5,989\nJun 2022\n602\n319\n921\n3,290\n5,862\nJul 2022\n636\n337\n973\n3,504\n5,928\nAug 2022\n617\n400\n1,017\n3,583\n6,778\nSep 2022\n414\n114\n528\n1,712\n6,030\nOct 2022\n600\n306\n906\n2,794\n7,574\nNov 2022\n456\n298\n754\n2,267\n7,019\nDec 2022\n390\n267\n657\n1,973\n6,682\nJan 2023\n338\n239\n577\n1,928\n4,830\nFeb 2023\n460\n276\n736\n2,328\n5,973\nMar 2023\n522\n313\n835\n2,614\n7,092\nApr 2023\n600\n256\n856\n2,748\n7,422\nCumulative\n22,729\n7,679\n30,408\n98,304\nN/A\n[1] Under the original mo...