Cheche Group (CCG) has released an update.
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Cheche Group Inc., a leader in China’s auto insurance tech, reported a slight 1.0% revenue increase and a notable 28.8% decrease in net loss year-over-year for Q1 2024. The company also experienced significant growth in its partnerships with New Energy Vehicle manufacturers, resulting in a 124.5% increase in policies and 78.5% increase in premiums compared to the previous year. Cheche’s strategic collaborations and investments in technology are expected to boost market share and influence within the auto insurance sector.
For further insights into CCG stock, check out TipRanks’ Stock Analysis page.
