Senmiao Technology Announces Over 620,000 Completed Rides on Its XXTX Ride-Hailing Platform in December 2020
Senmiao announced the launch of XXTX in late October 2020 to ride-hailing drivers in Chengdu, China, one of Senmiao's core cities with a population of approximately 16 million.
- Senmiao announced the launch of XXTX in late October 2020 to ride-hailing drivers in Chengdu, China, one of Senmiao's core cities with a population of approximately 16 million.
- In December 2020, Senmiao expanded the availability of XXTX to Changsha, China, with a population of approximately 8 million.
- Since the October 2020, over 1.3 million rides have been completed using XXTX, including over 620,000 rides during December 2020 despite concerns over the re-occurrence of COVID-19 in Chengdu that arose over the past few weeks.
- The table below presents the approximate, unaudited operating metrics of XXTX for the quarter ended December 31, 2020.