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Stock impact report

Cheche Group Expands Partnership with Sinopec to Deliver Digital Insurance Solutions to Retail Network

Cheche Group Inc. (CCG) 
Company Research Source: PR Newswire
BEIJING, March 5, 2024 /PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, has expanded its partnership with Sinopec Easy Joy Sales Co., Ltd ("Sinopec Easy Joy"), a subsidiary of China Petroleum & Chemical Corporation ("Sinopec"), to provide embedded auto insurance services in over 5,000 of Sinopec's gas stations nationwide.Sinopec Easy Joy operates Sinopec's non-oil businesses, with a nationwide retail footprint that includes over 30,000 gas stations, 28,000 convenience stores, and 10,000 auto care centers. This makes Sinopec the largest directly managed convenience store chain and the largest self-owned car wash service platform in China, and the second-largest gas station network in the world. Sinopec is fully committed to building a comprehensive "people-car-life" service ecosystem and currently serves more than 250 million registered users.Under the partnership, Sinopec Easy Joy will leverage Cheche's di Show less Read more
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