Senmiao Technology reports ride-hailing platform metrics for August

Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of August 2023. In August 2023, Senmiao and its affiliates recorded 0.62M total completed orders, compared to 0.69M total orders completed in July 2023. The decrease was primarily a result of the ongoing impact of a compliance check performed by Gaode, Senmiao’s online ride-hailing platform partner under the original model, which caused a decrease in completed orders in Senmiao’s major market of Guangzhou in July and August. 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.