AIHS - Senmiao Technology stock falls after completed rides dip in June

Asia-Pacific Images Studio/E+ via Getty Images Senmiao Technology Limited (AIHS) stock slides 3.5% after its proprietary online ride-hailing platform saw the number of completed orders drop ~4% from May, primarily due to a COVID-19 resurgence in Guangzhou. The number of drivers completing rides, or active drivers, increased ~2% M/M. Total fares paid by riders fell ~3% M/M to $6.19M and 2.07M rides have been completed in June. The average monthly growth rate for the number of completed orders and active drivers during the six months ended June 30, 2021, was ~29% and ~28%, respectively. Previously, (June 7), Senmiao Technology completed orders rise 20% for May 2021

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Senmiao Technology stock falls after completed rides dip in June