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 has announced a partnership with NIO Insurance. The terms of the partnership have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 11:58 am

Cheche Technology Inc. (NASDAQ: CCG) reported a modest 1% year-on-year revenue growth in Q1, despite a 9.2% increase in written premiums and a 20% rise in transactions. The sluggish Chinese car market and intense competition are pressuring pricing and margins. Cheche's partnerships with NEV manufacturers, including Xiaomi and Volkswagen, are crucial for future growth. However, the company faces challenges in improving revenue and margins, with a gross profit margin of just 4.3% and a widened net loss. Cheche's shares have plummeted nearly 95% since its public listing.

Portfolio Pulse from The Bamboo Works

June 05, 2024 | 2:33 pm

Shares of Pure Storage, Inc. (NYSE:PSTG) rose over 10% in pre-market trading after reporting better-than-expected first-quarter earnings and sales. Other notable pre-market movers include Smart for Life, Inc. (NASDAQ:SMFL), Cue Health Inc. (NASDAQ:HLTH), and Salesforce, Inc. (NYSE:CRM), among others.

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 12:10 pm

Cheche Group shares are trading higher following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:33 am

Cheche Group expects its 2024 net revenues to range from RMB3.5 billion to RMB3.7 billion, a year-over-year increase of 6.1% to 12.1%. The company also anticipates total written premiums placed to range from RMB24.5 billion to RMB26.5 billion, representing a year-over-year increase of 8.4% to 17.3%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:25 am

Cheche Group reported its Q1 financial results with an adjusted EPS of $(0.02) and sales of $109.02 million.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 11:18 am

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

Cheche Group Inc. (NASDAQ:CCG) shares are trading higher ahead of its first-quarter financial results announcement. The company recently entered into an exclusive partnership with Volkswagen (Anhui) Digital Sales and Services Co., Ltd. for NEV insurance business.

Portfolio Pulse from Erica Kollmann

May 29, 2024 | 3:19 pm

Ooma, Inc. (NYSE:OOMA) shares surged 17% in pre-market trading after reporting better-than-expected Q1 results and issuing strong guidance for Q2 and FY25. Other notable pre-market movers include ReShape Lifesciences Inc. (NASDAQ:RSLS) up 130.2%, Scorpius Holdings, Inc. (NYSE:SCPX) up 48.7%, and Cue Health Inc. (NASDAQ:HLTH) down 41.9% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 12:07 pm

Cheche Group (CCG) has announced a partnership with Volkswagen (Anhui) Digital Sales and Services to bolster its New Energy Vehicle (NEV) insurance business. This collaboration aims to leverage Volkswagen Anhui's digital capabilities to enhance insurance offerings for NEV customers, potentially increasing market share and customer satisfaction for both entities.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:02 pm

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.