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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for August 2022
CHENGDU, China, Sept. 7, 2022 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS), a financing and servicing company
About this update from Senmiao Technology Limited
[{"type":"text","content":"CHENGDU, China, Sept. 7, 2022 /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 August 2022. In August 2022, Senmiao and its affiliates reported over 1.0 million total completed orders, a 4.5% increase from over 0.97 million total orders completed in July 2022.\nNumbers reported since August 2021 include the number of completed orders from Meituan's ride-hailing platform (\"the Major Platform\") utilizing Senmiao's network of cars and drivers for a set monthly fee. Numbers reported since April 2022 include the number of completed orders from three other ride-hailing platforms in Chengdu, Xiehua, Anma and Xiaoma, under the same cooperation model as Meituan.\nSince the launch of Senmiao's online ride-hailing platform in October 2020, approximately 18.9 million rides have been completed using its platform. Over 4.8 million rides have been completed on the Major Platform under Senmiao's partnership with Meituan. Over 784,000 rides have been completed on Xiehua, Anma and Xiaoma since April 2022. The number of drivers completing rides via the platforms (known as Active Drivers) in August 2022 was 6,778, up approximately 14.3% from 5,928 in July 2022.\nThe table below presents approximate unaudited operating metrics of Senmiao and its affiliates' online ride-hailing platform since its launch in October 2020.\nCompleted\n Orders under\n Old Model1\n(in 000s)\nCompletedOrders underNew Model2 (in 000s)\nTotalCompletedOrders\n(in 000s)\nTotal Fares Paid by Riders\n(in 000s USD$)\nActiveDrivers\nOct 2020\n161\n161\n531\n1,800\nNov 2020\n537\n537\n1,646\n3,400\nDec 2020\n620\n620\n1,862\n5,000\nJan 2021\n910\n910\n2,626\n8,300\nFeb 2021\n710\n710\n2,164\n7,000\nMar 2021\n1,540\n1,540\n4,492\n11,500\nApr 2021\n1,790\n1,790\n5,332\n16,500\nMay 2021\n2,154\n2,154\n6,376\n18,000\nJun 2021\n2,068\n2,068\n6,193\n18,500\nJul 2021\n1,659\n1,659\n4,864\n16,400\nAug 2021\n530\n432\n962\n3,001\n6,073\nSep 2021\n540\n480\n1,020\n3,653\n7,519\nOct 2021\n531\n505\n1,036\n3,780\n7,010\nNov 2021\n436\n497\n933\n3,236\n7,480\nDec 2021\n492\n571\n1,063\n3,788\n7,845\...