BEIJING, May 16 (TiPost) – Despite a steady rise in drivers for online ride-hailing platforms across China, the total orders in April fell 1.4% from March to 706 million in April, making a race between the drivers for orders even more fierce.
the total orders
making a race
the drivers for orders even more fierce
- the total orders
- making a race
- the drivers for orders even more fierce
- the total orders
- making a race
- the drivers for orders even more fierce
A total of 309 business licenses had been granted to ride-hailing platforms at the end of April, with 2 more platforms receiving their business licenses in April, according to data released by China’s Ministry of Transport. As of the end of April, 5.406 million drivers held special driver’s licenses for the ride-hailing business, representing a month-on-month increase of 3.4%. Meanwhile, 2.3 million vehicles had transport permits, representing a month-over-month increase of 2.2%.
With a market full of drivers, cars, and platforms, the demand fell in April. A total of 706 million orders were received by the ride-hailing supervision information system, which was a 1.4% fall from March.
the total orders
making a race
the drivers for orders even more fierce
picture
or less than 5 orders per driver in April
An industry insider told TiPost that ten orders per day for a driver is the minimum for them to cover their fuel and other costs and any number below 10 means the driver is losing money by working. However, the average daily number of orders per car was 10.2 in April, or less than 5 orders per driver in April, which was a sign of danger for the industry.
