Mark Long's questions to Cheche Group (CCG) leadership • H1 2025
Question
Mark Long asked about the use of AI and data analytics in the new claims and fintech solutions, their expected revenue contribution, and whether significant new investments in operating expenses would be required.
Answer
Founder, CEO & Chairman Lei Zhang, via a moderator, explained that AI is used with real-time vehicle data to determine accident liability and for anti-fraud purposes, significantly increasing claims processing efficiency for insurers. The new initiatives are projected to contribute RMB 300 million to RMB 500 million in high-margin revenue over the next 3-5 years. Management confirmed they do not expect significant new investments, planning to keep operating expenses under control and drive operating leverage from the existing platform, leading to significant margin expansion.