New York, May 26, 2026, 13:10 (EDT)
Cheche Group Inc. shares slipped midday Tuesday, dropping to a 52-week low of $0.4950. The stock last traded near $0.52, off 3.2%. More than 260,000 shares had changed hands, well above the 45,705 shares traded Friday, according to market data.
Nasdaq compliance remains the key risk. Cheche disclosed in January it got a notice after its Class A stock traded under the $1 minimum bid for 30 days in a row. The company has until July 13, 2026, to fix it. The notice does not impact its listing or trading right now, the company said.
That’s why Tuesday’s move is key. The stock trades near 52 cents. It would have to almost double to hit $1 again, and there are just weeks left.
Nasdaq trading reopened in the U.S. after the exchange was closed Monday for Memorial Day. Regular hours at Nasdaq are 9:30 a.m. to 4:00 p.m. Eastern, so the stock was trading during the normal session at the noted dateline.
Large-cap tech names were stronger, with the Invesco QQQ Trust, which tracks growth stocks on the Nasdaq, climbing roughly 1.4% in early afternoon trading. The broader tape for those shares was firm, even as weakness showed up elsewhere.
Cheche, based in Beijing, operates a digital platform for auto insurance transactions in China. The firm says it launched in 2014 with a plan to bring the whole insurance buying process online, and now sells digital transaction services and insurance tech products.
Cheche gave a mixed picture in its April 2 update. Revenue for 2025 dropped 13.3% to RMB3.01 billion, but net loss narrowed 71.0% to RMB17.8 million. Total written premiums, the policies placed through its platform, rose 11.0% to RMB27.0 billion. Founder, CEO and Chairman Lei Zhang called 2025 a “pivotal inflection point,” linking that to the company’s push into NEV, or new energy vehicle, insurance. Cheche reports non-GAAP adjusted figures, which leave out things like stock compensation and some fair-value changes. PR Newswire
China insurance-platform stocks saw mixed action. Shares of Huize Holding dropped roughly 17%. Waterdrop gained close to 6.6%.
Cheche faces a straightforward problem right now: will buyers come back before the Nasdaq clock expires? The company could benefit if more of its insurance mix moves to NEVs, but the stock still has to deliver in the market.
