Cheche Group
About: Cheche Group Inc is an insurtech company. It is China's independent technology-empowered platform for auto insurance transaction services by digital auto insurance transaction premiums and insurance technology companies. The company has reshaped the traditional auto insurance distribution and services value chain to create a digital platform by improving operational efficiencies, reducing transaction costs, and expanding distribution channels. Its business scope ranges from digital insurance transactions, SaaS platforms for insurance intermediaries, AI-driven insurance pricing and underwriting services, auto insurance services for new energy vehicle (NEV) manufacturers, green auto insurance innovations, etc.
Employees: 635
0
Funds holding %
of 7,363 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
59% more capital invested
Capital invested by funds: $370K [Q3] → $589K (+$219K) [Q4]
57% more funds holding
Funds holding: 7 [Q3] → 11 (+4) [Q4]
0.45% more ownership
Funds ownership: 0.71% [Q3] → 1.16% (+0.45%) [Q4]
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Research analyst outlook
We haven’t received any recent analyst ratings for CCG.
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Cheche Group Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement
BEIJING , March 11, 2025 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it has received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated March 10, 2025, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). As previously announced, the Company received a notification letter dated November 15, 2024 (the "Notification Letter") from Nasdaq indicating that the closing bid price of the Company's Class A ordinary shares has been below the minimum bid price of US$1.00 required for continued listing under the Nasdaq Listing Rule 5550(a)(2) for a period of 30 consecutive business days.
Neutral
PRNewsWire
2 weeks ago
Cheche Group's Tianmu Insurance Anti-Fraud and Risk Control Model Recognized Among Top 100 AI Products of 2024
BEIJING , Feb. 24, 2025 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that its innovative Tianmu Insurance Anti-Fraud and Risk Control Model has been recognized in the prestigious Top 100 AI Products of 2024 list, released by Internet Weekly in collaboration with eNET Research Institute and Deben Consulting. This accolade highlights Cheche's commitment to leveraging cutting-edge technology in the insurance industry.
Neutral
PRNewsWire
1 month ago
Cheche Group Recognized in KPMG China's List of the 50 Best Fintech Companies
BEIJING , Jan. 13, 2025 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that Cheche Technology Inc., the Company's wholly owned subsidiary, was recognized by KPMG China as one of China's top 50 leading fintech companies. On January 10, 2025, Mr.
Neutral
PRNewsWire
3 months ago
Cheche Group Reports Third Quarter 2024 Unaudited Financial Results
BEIJING , Nov. 26, 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 third quarter ended September 30, 2024. Financial and Operational Highlights Net Revenue s for the quarter increased 3.3% year-over-year to RMB850.5 million (US$121.2 million), while net revenues for the first nine months of 2024 increased 2.3% over the comparable prior year period to RMB2.5 billion (US$354.8 million).
Neutral
PRNewsWire
3 months ago
Cheche Group Announces Receipt of Notification Letter from Nasdaq
BEIJING , Nov. 21, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced that it received a notification letter dated November 15, 2024 (the "Notification Letter "), from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq"), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per Class A ordinary share, par value US$0.00001 per share, has been below US$1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company's securities.
Neutral
PRNewsWire
3 months ago
Cheche Group Schedules Third Quarter 2024 Earnings Release and Conference Call Date
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.
Neutral
PRNewsWire
5 months ago
Cheche Group Announces Strategic Partnership with The Tokio Marine & Nichido Fire Insurance Company (China) Limited
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.
Neutral
PRNewsWire
5 months ago
Cheche Group CEO Lei Zhang Acquiring Company Ordinary Shares
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.
Neutral
PRNewsWire
5 months ago
Cheche Group Announces Partnership with Great Wall Motor's Insurance Brokerage
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.
Neutral
PRNewsWire
6 months ago
Cheche Group Announces Partnership with NEV Company JI YUE
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.
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