CHENGDU,
China, May 11, 2022 /PRNewswire/ -- Senmiao
Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS),
a financing and servicing company focused on the online
ride-hailing industry in China, as
well as an operator of its own online ride-hailing platform, today
announced the operating metrics for its proprietary online
ride-hailing platform for the month of April
2022. In April 2022, Senmiao
and its affiliates reported approximately 0.9 million total
completed orders, a decrease from over 1.0 million total orders
completed in March 2022 due to a
resurgence of COVID-19 cases in Chengdu in April, which led to the
implementation of travel restrictions and lockdowns. Numbers
reported since August 2021 include
the number of completed orders from Meituan's ride-hailing platform
("the Major Platform") utilizing Senmiao's network of cars and
drivers for a set monthly fee.
Since the launch of Senmiao's online ride-hailing platform in
October 2020, approximately 16.5
million rides have been completed using its platform. Approximately
4.1 million rides have been completed on the Major Platform under
Senmiao's partnership with Meituan. Additionally, Senmiao and its
affiliates have begun partnering with two new online platforms in
Chengdu, which are Xiehua and
Anma, under which approximately 75,500 rides were completed. The
number of drivers completing rides via the platforms (known as
Active Drivers) in April 2022 was
6,095, down approximately 14.0% from 7,091 in March 2022.
The table below presents approximate unaudited operating metrics
of Senmiao and its affiliates' online ride-hailing platform since
its launch in October 2020.
|
|
Completed
Orders under
Old Model[1]
(in
000s)
|
|
Completed
Orders under
New Model[2]
(in 000s)
|
|
Total
Completed
Orders
(in
000s)
|
|
Total Fares
Paid
by Riders
(in 000s
USD$)
|
|
Active
Drivers
|
Oct
2020
|
|
161
|
|
|
|
161
|
|
531
|
|
1,800
|
Nov
2020
|
|
537
|
|
|
|
537
|
|
1,646
|
|
3,400
|
Dec
2020
|
|
620
|
|
|
|
620
|
|
1,862
|
|
5,000
|
Jan
2021
|
|
910
|
|
|
|
910
|
|
2,626
|
|
8,300
|
Feb
2021
|
|
710
|
|
|
|
710
|
|
2,164
|
|
7,000
|
Mar
2021
|
|
1,540
|
|
|
|
1,540
|
|
4,492
|
|
11,500
|
Apr
2021
|
|
1,790
|
|
|
|
1,790
|
|
5,332
|
|
16,500
|
May
2021
|
|
2,154
|
|
|
|
2,154
|
|
6,376
|
|
18,000
|
Jun
2021
|
|
2,068
|
|
|
|
2,068
|
|
6,193
|
|
18,500
|
Jul
2021
|
|
1,659
|
|
|
|
1,659
|
|
4,864
|
|
16,400
|
Aug
2021
|
|
530
|
|
432
|
|
962
|
|
3,001
|
|
6,073
|
Sep
2021
|
|
540
|
|
480
|
|
1,020
|
|
3,653
|
|
7,519
|
Oct
2021
|
|
531
|
|
505
|
|
1,036
|
|
3,780
|
|
7,010
|
Nov
2021
|
|
436
|
|
497
|
|
933
|
|
3,236
|
|
7,480
|
Dec
2021
|
|
492
|
|
571
|
|
1,063
|
|
3,788
|
|
7,845
|
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
|
|
294
|
|
871
|
|
3,009
|
|
6,095
|
Cumulative
|
|
16,513
|
|
4,122
|
|
20,710
|
|
66,277
|
|
N/A
|
[1] Under
the old model, a rider can search for taxi/ride-hailing services on
a Senmiao partner's platform, which then provides the rider with
options for online ride-sharing service providers, including
Senmiao. If the rider selects Senmiao, the order will then be
distributed to registered drivers on Senmiao's platform for viewing
and acceptance. Senmiao earns commissions for each completed order
based on a certain percentage of the value of the order.
|
[2] Under the new model, online
ride-hailing requests and orders will be completed on the partner's
platform utilizing Senmiao and its affiliate's network of cars and
drivers for a set monthly fee.
|
About Senmiao Technology Limited
Headquartered in Chengdu,
Sichuan Province, Senmiao provides
automobile transaction and related services including sales of
automobiles, facilitation and services for automobile purchases and
financing, management, operating leases, guarantees and other
automobile transaction services, as well as operates its own
ride-hailing platform aimed principally at the growing online
ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao,
please visit: http://www.senmiaotech.com. Senmiao routinely
provides important updates on its website.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements (including those relating to the
operation of Senmiao's ride-hailing platform) are subject to
significant risks, uncertainties and assumptions, including those
detailed from time to time in the Senmiao's filings with the SEC,
and represent Senmiao's views only as of the date they are made and
should not be relied upon as representing Senmiao's views as of any
subsequent date. Senmiao undertakes no obligation to publicly
revise any forward-looking statements to reflect changes in events
or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
The Equity Group Inc.
In China
Carolyne Sohn, Vice
President
Lucy Ma, Associate
+1
415-568-2255
+86 10 5661 7012
csohn@equityny.com
lma@equityny.com
© 2022 Senmiao Technology Ltd. All rights reserved.
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SOURCE Senmiao Technology Limited