Senmiao Technology reports December operating metrics for ride-hailing platform

Senmiao Technology announced operating metrics for its proprietary online ride-hailing platform for December 2022. In December 2022, Senmiao and its affiliates recorded approximately 0.7 million total completed orders, compared to approximately 0.8 million total orders completed in November 2022. The decrease was the result of a severe outbreak of COVID-19 cases in Senmiao’s key city of Chengdu in mid-December, after the lifting of domestic restrictions as China stopped executing its zero-COVID policy. Since the launch of Senmiao’s online ride-hailing platform in October 2020, nearly 20.8 million rides have been completed using its own platform. The number of drivers completing rides via all the platforms – known as Active Drivers – in December 2022 was 6,682, down approximately 4.8% from 7,019 in November 2022.