Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of June. In June, Senmiao and its affiliates recorded more than 0.7M total completed orders, compared to approximately 0.8M total orders completed in May 2023. The decrease was due to increased competition in the Chengdu market as a result of new ride-hailing platforms continuing to offer promotions during the month. Numbers reported include the number of completed orders from several ride-hailing platforms in Chengdu, utilizing Senmiao’s network of cars and drivers for a set monthly fee.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AIHS: