Senmiao announces the operating metrics for its online ride-hailing platform

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Senmiao Technology Ltd. has initiated a ride-hailing drive in China. The company has also announced the operating metrics for its online ride-hailing platform in the month of November.

In that month, Senmiao realized more than 0.48 million total completed orders compared to the 0.57 orders realized a month before.

They claimed the decrease was due to reduced demand for online ride-hailing services in what they referred to as a softer environment. Other compliance checks may have also impacted the numbers of orders made.

The numbers reported included that of other partners in China as well. Those partners make use of Senmiao’s network of cars and drivers for an agreed monthly fee.

Here’s a table below that presents the approximate un-audited operating metrics of Senmiao and its affiliates online ride-hailing companies since it launched in 2020.

Completed
Orders under
Original Model
1

(in 000s)

Completed
Orders under
New Model
2, 3 
 (in 000s)

Total Completed
Orders

(in 000s)

Total Fares
Paid by Riders

(in 000s USD$)

Active
Drivers

Oct-Dec 2020

1,318

1,318

4,039

N/A

Jan-Dec 2021

13,360

2,485

15,845

49,505

N/A

Jan 2022

455

492

947

3,413

7,085

Feb 2022

344

371

715

2,651

6,008

Mar 2022

534

480

1,014

3,660

7,091

Apr 2022

502

369

871

3,009

6,095

May 2022

581

357

938

3,286

5,989

June 2022

602

319

921

3,290

5,862

July 2022

636

337

973

3,504

5,928

Aug 2022

617

400

1,017

3,583

6,778

Sept 2022

414

114

528

1,712

6,030

Oct 2022

600

306

906

2,794

7,574

Nov 2022

456

298

754

2,267

7,019

Dec 2022

390

267

657

1,973

6,682

Jan 2023

338

239

577

1,928

4,830

Feb 2023

460

276

736

2,328

5,973

Mar 2023

522

313

835

2,614

7,092

Apr 2023

600

256

856

2,748

7,422

May 2023

538

229

767

2,449

7,470

June 2023

524

216

740

2,322

6,891

July 2023

440

250

690

2,205

5,815

Aug 2023

384

233

617

1,962

5,412

Sept 2023

405

201

606

1,892

6,065

Oct 2023

399

170

569

1,731

5,903

Nov 2023

359

125

484

1,448

5,240

Cumulative

25,778

9,103

34,881

112,313

N/A

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