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Senmiao Technology Ltd - AIHS STOCK NEWS

Welcome to our dedicated news page for Senmiao Technology (Ticker: AIHS), a resource for investors and traders seeking the latest updates and insights on Senmiao Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Senmiao Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Senmiao Technology's position in the market.

Rhea-AI Summary
Senmiao Technology (AIHS) has announced that it has regained compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company's common stock closed at $1.00 per share or greater for 20 consecutive business days, leading to compliance with Listing Rule 5550(a)(2).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
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Rhea-AI Summary
Senmiao Technology Limited (AIHS) announces a strategic cooperation agreement with Chengdu Daren Duoduo Culture Media to develop an AI-driven application called 'Thinking Cell' to support local lifestyle merchants and online ride-hailing drivers. The application aims to enhance promotional efforts and provide customized services, with a focus on SMS campaigns and improved user experience. The partnership also explores potential expansion into other application scenarios.
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End-of-Day
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Rhea-AI Summary
Senmiao Technology Limited (AIHS) subsidiary XXTX receives Triple-A rating in service quality and reputation assessment in Changsha, China. Senmiao's online ride-hailing platform has completed over 26.2 million rides by the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
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Rhea-AI Summary
Senmiao Technology Limited (AIHS) reports financial results for Q3 FY 2024 with total revenues of $1.6 million, a narrowed loss from operations to $1.1 million, and a net loss of $0.9 million. The company completed over 35.4 million rides with $114.0 million in fares paid since launching its online ride-hailing platform in 2020.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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Rhea-AI Summary
Senmiao Technology Limited (Nasdaq: AIHS) announced the operating metrics for its online ride-hailing platform for December 2023, recording a 13.6% increase in completed orders from the previous month. The company also revealed that it will begin providing operating metric updates on a quarterly basis starting in 2024. Since the launch of its online ride-hailing platform in October 2020, Senmiao has completed over 26.2 million rides, with approximately 9.2 million rides completed on partner platforms under the new model. The number of active drivers in December 2023 was 5,127. The company's financial disclosures and operating metrics are presented in detail, showcasing its performance in the online ride-hailing industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.55%
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Rhea-AI Summary
Senmiao Technology Limited (Nasdaq: AIHS) has announced a strategic cooperation agreement with Anhui Lianma Technology Co., Ltd to enhance its online ride-hailing platform operations in major cities in China. The agreement aims to increase completed orders and operational efficiency, mitigating the impact of increased competition and ongoing compliance checks by Gaode.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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Rhea-AI Summary
Senmiao Technology Limited (Nasdaq: AIHS) announced the operating metrics for its proprietary online ride-hailing platform for November 2023. Despite a decrease in completed orders, the company has recorded approximately 25.8 million rides since the launch of its platform in October 2020, with more than 9.1 million rides completed on several platforms in partnership with Senmiao under the new model. The number of active drivers in November 2023 was 5,240, compared to 5,903 in October 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.95%
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Rhea-AI Summary
Senmiao Technology Limited (AIHS) announced operating metrics for its online ride-hailing platform in China. In October 2023, 0.57 million total completed orders were recorded, down from 0.61 million in September 2023. Since the platform's launch in October 2020, approximately 25.4 million rides have been completed using its own platform, with nearly 9.0 million rides completed on partner platforms. The number of active drivers in October 2023 was 5,903, compared to 6,065 in September 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.81%
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Rhea-AI Summary
Senmiao Technology Limited (AIHS) Announces Fiscal 2024 Second Quarter Financial Results with Total Revenues of $1.8M, a Narrowed Loss from Operations to $1.3M, and a Net Loss of $1.21M. Chairman Xi Wen highlights stable revenue growth from automobile leasing business and cost-cutting efforts while acknowledging decreased revenue contributions from online ride-hailing platform services due to increased competition and compliance checks.
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Rhea-AI Summary
Senmiao Technology Limited announces operating metrics for its online ride-hailing platform in September 2023.
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Rhea-AI Sentiment
End-of-Day
4.35%
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Senmiao Technology Ltd

Nasdaq:AIHS

AIHS Rankings

AIHS Stock Data

7.27M
8.40M
12.23%
0.44%
2.77%
Credit Card Issuing
Finance and Insurance
Link
China
Chengdu