Senmiao technology reports fiscal 2024 second quarter financial results

Chengdu, china , nov. 14, 2023 /prnewswire/ -- senmiao technology limited ("senmiao") (nasdaq: aihs), a financing and servicing company focused on the online ride-hailing industry in china as well as an operator of its own online ride-hailing platform, today announced financial results for its fiscal 2024 second quarter ended september 30, 2023. fiscal 2024 second quarter financial and operating highlights total revenues of $1.8 million, compared to $2.2 million in the prior-year period, primarily due to decreased revenues from online ride-hailing platform services as a result of fewer completed orders due to increased competition and compliance checks conducted by a partner platform in guangzhou.
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