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Senmiao Technology Announces Ride-Hailing Platform Operating Metrics for June 2022
CHENGDU, China, July 20, 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, July 20, 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 June 2022. In June 2022, Senmiao and its affiliates reported over 0.92 million total completed orders, a 1.7% decrease from over 0.93 million total orders completed in May 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 two other ride-hailing platforms in Chengdu, Xiehua and Anma, under the same cooperation model as Meituan.\nSince the launch of Senmiao's online ride-hailing platform in October 2020, approximately 17.7 million rides have been completed using its platform. Over 4.5 million rides have been completed on the Major Platform under Senmiao's partnership with Meituan. Approximately 365,900 rides have been completed on Xiehua and Anma since April 2022. The number of drivers completing rides via the platforms (known as Active Drivers) in June 2022 was 5,862, down approximately 2.1% from 5,989 in May 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 Orders under Old Model[1]\n(in 000s)\nCompleted Orders under New Model[2] (in 000s)\nTotal Completed Orders\n(in 000s)\nTotal Fares Paid by Riders\n(in 000s USD$)\nActive Drivers\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\nJan 2022\...