Senmiao Technology Reports Fiscal 2021 Third Quarter Financial Results, Provides January 2021 Operating Metrics
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CHENGDU, China, Feb. 16, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as its own online ride-hailing platform, today announced financial results for the fiscal 2021 third quarter ended December 31, 2020.
Management Commentary
Xi Wen, Chairman, Chief Executive Officer and President of Senmiao, stated, "During our fiscal third quarter, we were excited to launch Senmiao's own online ride-hailing platform, first in Chengdu in October and in Changsha in December 2020. Our platform has helped facilitate over 2.2 million rides since launch, and we are very optimistic about the growth opportunities we see in this business, particularly given the new strategic cooperation we have with various reputable technology and consumer brands in China, including Gaode Map, Meituan, and Chengdu Xingchong, a subsidiary of Star Charge. These partnerships will not only increase our exposure to an expanded customer audience but will also help drive our geographic growth in the years to come."