Streetbeat News

CCG

Cheche Group Inc.

https://www.chechegroup.com

Industry

Internet Content & Information

Cheche Group Inc. operates an online auto insurance platform. It offers non-auto insurance products, such as non-auto P&C products, as well as non-auto insurance transaction services. The company was founded in 2014 and is headquartered in Beijing, China. Cheche Group Inc. operates as a subsidiary of Prime Impact Cayman, LLC.

Open

0.90

Mkt cap

68M

Volume

155K

High

0.92

P/E Ratio

-0.62

52-wk high

10.00

Low

0.88

Div yield

N/A

52-wk low

0.56

Cheche Group shares rose following Maxim Group's initiation of coverage with a Buy rating and a $2.5 price target.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 1:17 pm

Maxim Group has initiated coverage on Cheche Group (NASDAQ:CCG) with a Buy rating and set a price target of $2.5.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 12:22 pm

Cheche Group's CEO and Chairman, Lei Zhang, has purchased Class A shares in the open market, indicating confidence in the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 12:09 pm

Cheche Group has maintained its FY24 revenue forecast at RMB3.5B-RMB3.7B, indicating a 6.1%-12.1% YoY growth. The company also expects total written premiums to increase by 8.4%-17.3% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:28 am

Cheche Group (NASDAQ:CCG) reported a Q2 EPS loss of $(0.02) and sales of $117.22 million.

Portfolio Pulse from totan@benzinga.com

August 29, 2024 | 10:03 am

Cheche Group has expanded its partnership with ARCFOX and launched a full-service insurance platform. The company also plans to offer ancillary products such as GAP and extended warranty insurance.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:03 pm

Cheche Group Inc. (NASDAQ:CCG) shares are trading higher after the company announced a partnership with Beijing Anpeng Insurance Broker Co., Ltd. This collaboration aims to strengthen Cheche's ties with new energy vehicle manufacturers in China. Additionally, Cheche's recent partnerships have led to significant growth in insurance policies and premiums.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 5:21 pm

Cheche Group has formed a strategic partnership with BAIC Group's insurance provider. This collaboration aims to enhance insurance services and expand market reach.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 11:31 am

Cheche Group Inc. (NASDAQ:CCG) shares surged after announcing a partnership with NIO Insurance Broker, a unit of NIO Inc. (NYSE:NIO). The collaboration aims to streamline NIO's auto insurance process using Cheche's digital platform. Cheche's NEV insurance business has seen significant growth, and the company plans further expansion by securing more agreements with NEV manufacturers.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 2:35 pm

Cheche Group shares are trading higher following the announcement of a partnership with NIO Insurance Broker.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:59 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.