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

    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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