BEIJING, Nov. 20, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss third quarter 2024 results on Tuesday, November 26, 2024, at 8:00 a.m. EST. The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials", while the live webcast will be available in the "Events" section under the "News & Events" header on the investor relations website at ir.chechegroup.com. The dial-in numbers for the conference call will be as follows: Participant (toll-free): 1-888-346-8982Participant (inte
BEIJING, Aug. 29, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Financial and Operational Highlights Net revenues for the quarter increased 2.5% year-over-year to RMB851.8 million (US$117.2 million), while net revenues for the first half of 2024 increased 1.8% over the comparable prior year period to RMB1.6 billion (US$225.5million).Net loss for the quarter decreased 16.4% year-over-year to RMB23.6 million (US$3.2 million), while net loss for the first half of 2024 decreased 24.0% to RMB54.9 million (US$7.6 m
BEIJING, Aug. 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss second quarter 2024 results on Thursday, August 29, 2024, at 8:00 a.m. EST. The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials", while the live webcast will be available in the "Events" section under the "News & Events" header on the investor relations website at ir.chechegroup.com. The dial-in numbers for the conference call will be as follows: Participant (toll-free): 1-888-346-8982Participant (inte
BEIJING, May 30, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the first quarter ended March 31, 2024. Financial and Operational Highlights Net revenues for the quarter increased 1.0% year-over-year to RMB787.1 million (US$109.0 million).Net loss for the quarter decreased 28.8% year-over-year to RMB31.3 million (US$4.3 million).Adjusted net loss(1) for the quarter increased by RMB4.4 million, from RMB7.8 million in the prior-year period to RMB12.2 million (US$1.7 million).Total written premiums placed for the quarter increased 9.2% year-over-year t
BEIJING, May 24, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss first quarter 2024 results on Thursday, May 30, 2024, at 8:00 a.m. EST. The first quarter 2024 earnings release and related investor deck will be available on the investor relations website at ir.chechegroup.com prior to the event. A live webcast will be available in the "Events" section of the company's investor relations website under the "News & Events" header at ir.chechegroup.com. The dial-in numbers for the conference call will be as follows: Participant (toll free): 1-888-346-898
BEIJING, March 28, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Financial and Operational Highlights Net revenues for the quarter increased 12.1% year-over-year to RMB867.8 million (US$122.2 million), while net revenues for the full year of 2023 increased 23.2% over the prior year to RMB3.3 billion (US$465.0 million).Net loss for the quarter increased by RMB29.8million year-over-year to RMB32.0 million (US$4.5 million), while net loss for the full year of 2023 increased 75.3% over the prior
BEIJING, March 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss fourth quarter and full year 2023 results on Thursday, March 28, 2024, at 8:00 a.m. EST. The fourth quarter and full year 2023 earnings release and related investor deck will be available on the investor relations website at ir.chechegroup.com prior to the event. A live webcast will be available in the "Events" section of the company's investor relations website under the "News & Events" header at ir.chechegroup.com. The dial-in number for the conference call will be 1-888-317-6003 (t
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Cheche Group Inc. (NASDAQ:CCG) shares are trading higher on Thursday. The company inked a pact with Beijing Anpeng Insurance Broker Co., Ltd., as Cheche strengthens collaborations with new energy vehicle manufacturers in China. Beijing Anpeng is a subsidiary of Beijing Automotive Group Co., Ltd. (BAIC Group) and handles explicitly the insurance business of BAIC Group’s car brands. “In the future, the Company is going to attach great importance to insurance business opportunities with both traditional and NEV manufacturers,” said Lei Zhang, Founder, CEO, and Chairman of Cheche The BAIC Group initiative is gaining momentum, as ARCFOX’s service system launches as a direct-sales cha
Cheche Group Inc. (NASDAQ:CCG) shares are trading higher after the company announced a partnership with NIO Insurance Broker, a unit of NIO Inc. (NYSE:NIO), as Cheche continues to deepen its collaborations with new energy vehicle (NEV) manufacturers. Under the deal, Cheche’s advanced digital platform aims to streamline NIO’s auto insurance process, lower front-end delivery costs, and enhance digital management of their insurance operations. NIO’s tailored digital insurance service system is slated for launch next quarter. “The global NEV industry continues to experience substantial growth led by the Chinese NEV manufacturers,” said Lei Zhang, Founder, CEO, and Chairman of Cheche.
Key Takeaways: Cheche’s net revenue rose 1% year-on-year in the first quarter, lagging growth rates for the value and number of transactions on its platform The results indicate both insurance underwriters and Cheche are facing pricing pressure from growing competition in a sluggish auto market By Warren Yang China car sales that remain stuck in the slow lane are putting the brakes on revenue growth at Cheche Technology Inc. (NASDAQ:CCG). The country’s recent proliferation of green vehicles provided one of the few sparks in the Tencent-backed online auto insurance company’s latest results announced last week. But a broader sluggish car market, combined with intensifying competition, a
Shares of Pure Storage, Inc. (NYSE:PSTG) rose sharply in today's pre-market trading following better-than-expected first-quarter financial results. Pure Storage reported quarterly earnings of 32 cents per share, which beat the analyst consensus estimate of 21 cents. Quarterly sales clocked in at $693.479 million, beating the analyst consensus estimate of $680.972 million, according to data from Benzinga Pro. Pure Storage shares jumped 10.5% to $69.60 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers Smart for Life, Inc. (NASDAQ:SMFL) rose 60.5% to $6.27 in today's pre-market trading after gaining around 17% on Wednesday. Smart
Business Outlook For the full year of 2024, Cheche expects: Net revenues to range from RMB3.5 billion to RMB3.7 billion, representing an increase of 6.1% to 12.1%, compared to the full year of 2023. Total written premiums placed to range from RMB24.5 billion to RMB26.5 billion, representing an increase of 8.4% to 17.3%, compared to the full year of 2023.
BEIJING, Feb. 28, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", "the Company" or "we"), China's leading auto insurance technology platform, today announced the appointment of two executive officers. The board of directors of the Company has appointed Ms. Wenting Ji as the chief financial officer of the Company and Ms. Yanjun Liu as the chief operating officer of the Company, both effective from February 28, 2024. Prior to joining the Company, Ms. Wenting Ji served as the chief financial officer of Xiaoyezi Music Technology Group from July 2022 to August 2023. Prior to that, Ms. Ji served as the chief financial officer of Quhuo Limited (NASDAQ:QH) from January 2019 to July 2
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BEIJING, Nov. 20, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss third quarter 2024 results on Tuesday, November 26, 2024, at 8:00 a.m. EST. The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials", while the live webcast will be available in the "Events" section under the "News & Events" header on the investor relations website at ir.chechegroup.com. The dial-in numbers for the conference call will be as follows: Participant (toll-free): 1-888-346-8982Participant (inte
BEIJING, Oct. 1, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited ("TMNCH"), as Cheche continues to broaden its collaborations with insurance companies in China. Underwriting primary coverage and reinsurance for several lines of business including property insurance, liability insurance, guaranty insurance, and short-term health insurance, TMNCH, wholly funded by Tokio Marine & Nichido Fire Insurance Co., Ltd., is the first Japanese insurance company to have entered the Chi
BEIJING, Sept. 30, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its Founder, Chief Executive Officer and Chairman, Lei Zhang, recently purchased Class A ordinary shares of Cheche in the open market. "The rapid growth of the digital insurance business for new energy vehicles and the significant economies of scale underscore the enormous potential of our platform," said Mr. Zhang. "My investment reflects my confidence in Cheche as we continue to build and customize products for our expanding network of insurance and manufacturing partners and increase our footprint in China's insurance
BEIJING, Sept. 12, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a partnership with Laoyou Insurance Brokerage Co., Ltd. ("Laoyou Insurance"), as Cheche continues to increase its collaborations with auto manufacturers in China. Laoyou Insurance is a wholly controlled subsidiary of Great Wall Motor Company Limited ("GWM"), a top ten Chinese auto manufacturer that largely produces sport-utility vehicles and pick-up trucks with brands such as Haval, Wey, Tank, Poer, and Ora. Cheche's insurance solutions and mature transaction system have been gradually rolled out in c
BEIJING, Sept. 3, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a partnership with Shanghai Jidu Automobile Company Limited ("JI YUE"), as Cheche further diversifies its partner network with leaders in the new energy vehicle ("NEV") industry. JI YUE, a joint venture between Chinese tech giant Baidu and car manufacturer Geely, is focused on the development of autonomous NEVs and related AI technology. It intends to become the first company providing an interactive experience with AI in vehicle production. Cheche successfully launched a customized system for JI YUE,
BEIJING, Aug. 29, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche", the "Company" or "we"), China's leading auto insurance technology platform, today announced its unaudited financial results for the second quarter ended June 30, 2024. Financial and Operational Highlights Net revenues for the quarter increased 2.5% year-over-year to RMB851.8 million (US$117.2 million), while net revenues for the first half of 2024 increased 1.8% over the comparable prior year period to RMB1.6 billion (US$225.5million).Net loss for the quarter decreased 16.4% year-over-year to RMB23.6 million (US$3.2 million), while net loss for the first half of 2024 decreased 24.0% to RMB54.9 million (US$7.6 m
BEIJING, Aug. 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it will host a conference call to discuss second quarter 2024 results on Thursday, August 29, 2024, at 8:00 a.m. EST. The earnings release and related investor deck will be available prior to the event in the "Quarterly Results" section under "Financials", while the live webcast will be available in the "Events" section under the "News & Events" header on the investor relations website at ir.chechegroup.com. The dial-in numbers for the conference call will be as follows: Participant (toll-free): 1-888-346-8982Participant (inte
BEIJING, Aug. 19, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced an update on its partnership with ARCFOX, a new energy vehicle ("NEV") brand within the Beijing Automotive Group Co., Ltd. ("BAIC Group"), made possible by the previously announced agreement with Beijing Anpeng Insurance Broker Co., Ltd. ("Beijing Anpeng"). Since entering into the partnership, Cheche has successfully launched a full-service insurance platform for ARCFOX that provides its car owners a comprehensive insurance application system. Cheche is also working with Beijing Anpeng to expand the current offerings by sellin
BEIJING, Aug. 15, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ:CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has entered into a partnership with Wuhan Dongfeng Insurance Broker Co., Ltd. ("Dongfeng Insurance"), as Cheche further diversifies its partner network with leaders in the new energy vehicle ("NEV") industry. Dongfeng Insurance handles the insurance business for all brands affiliated with Dongfeng Motor Group Company Limited ("Dongfeng Motor Group"), an automotive company with a 49.5% ownership stake in Dongfeng Insurance. One of the "Big Four" state-owned car manufacturers in China, Dongfeng Motor Group develops and b
NEW YORK, July 11, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Report Coverage on Cheche Group Inc. (NasdaqCM: CCG). Click Here to view full Argus Equity Report. COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include: CCG: A leading "Digital Connector" for the NEV Auto Insurance Ecosystem In our view, Cheche Group is an emerging Insurtech company in China, connecting auto insurers and ecosystem stakeholders, including new electric vehicle (NEV) manufacturers, insurance intermediaries and affiliates