- Senmiao Technology (NASDAQ:AIHS) Wednesday announced the operating metrics for its proprietary online ride-hailing platform for the month of October 2023.
- In October 2023, Senmiao and its affiliates recorded 0.57M total completed orders, compared to 0.61M total orders completed in September.
- The decrease was primarily a result of increased competition and the impact of a compliance check performed by Gaode, Senmiao's online ride-hailing platform partner under the original model, in Chengdu, one of the main cities where Senmiao operates.
- The number of drivers completing rides via all the platforms in October 2023 was 5,903, compared to 6,065 in September.
- Source: Press Release
Senmiao Technology records 0.57M total completed orders in October
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