Cheche Group Reports Q1 2024 Unaudited Financial Results

May 30, 2024

DENVER, Colo., May 30, 2024 (247marketnews.com)- Cheche Group Inc. (NASDAQ:CCG) announced its unaudited first quarter 2024 financial results, with net quarterly revenues increasing 1.0% year-over-year to RMB787.1 million (US$109.0 million) and net quarterly loss decreasing 28.8% year-over-year to RMB31.3 million (US$4.3 million).

Cheche Group’s Founder, CEO, and Chairman, Lei Zhang, commented, “Cheche demonstrated a continued improvement in revenues driven in part by our investments in technology solutions that resolve challenges for our insurance partners, auto manufacturers, and intermediaries. We are a front runner in empowering NEVs with insurance technology, and we believe our industry-leading technology will help us garner greater market influence and capture more market shares.

“Since April, we’ve seen NEVs begin to account for more than 50% of new vehicle sales in China (3). Our partnership with Xiaomi, Volkswagen Anhui, and other NEV manufacturers demonstrates our ability to leverage the AI technology of NEVs based on insurance digitization, through which we can usher in the era of AI auto insurance, continuously optimize the ecological innovation of auto insurance services, and effectively meet the ever-changing intelligent needs of car owners.”

About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.

24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.

CONTACT:
24/7 Market News
Editor@247marketnews.com

Related news for (CCG)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.