Senmiao Technology reports ride-hailing platform metrics for June

Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of June. In June, Senmiao and its affiliates recorded more than 0.7M total completed orders, compared to approximately 0.8M total orders completed in May 2023. The decrease was due to increased competition in the Chengdu market as a result of new ride-hailing platforms continuing to offer promotions during the month. Numbers reported include the number of completed orders from several ride-hailing platforms in Chengdu, utilizing Senmiao’s network of cars and drivers for a set monthly fee.