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Organization and Principal Activities (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Consolidated Subsidiaries,VIE and Subsidiaries of VIE

The following sets forth the Company’s consolidated subsidiaries, VIE and subsidiaries of VIE are as follows:

 

 

        Percentage of    
        direct or    
    Place and   indirect    
    year of   economic   Principal
Subsidiaries   incorporation   ownership   activities
Cheche Technology Inc. (“CCT”)    

Cayman Islands, 2018

   100%   Investment holding
             
Cheche Technology (HK) Limited (“Cheche HK”)    

Hong Kong, China, 2018

   100%   Investment holding
             
Cheche Technology (Ningbo) Co., Ltd. (“Cheche Ningbo” or “wholly foreign-owned enterprise” or “WFOE” or “primary beneficiary of the VIE”)  

Ningbo, China, 2018

   100%   Technical support and consulting services
             
Baodafang Technology Co., Ltd. (“Baodafang”)  

Beijing, China, 2020

   100%   Technology service and SaaS services

 

      Percentage of    
      direct or    
    Place and   indirect    
    year of   economic   Principal
VIE   incorporation   interest   activities

Beijing Cheche Technology Co., Ltd. (“Beijing Cheche”)

 

Beijing, China, 2014

   100%*   Technology service

 

        Percentage of    
    Place and   direct or    
    year of   indirect    
    incorporation/   economic   Principal
Subsidiaries of VIE   acquisition   interest   activities
Cheche Insurance Sales & Service Co., Ltd. (“Cheche Insurance”)    

Guangzhou, China, 2017

   100%*   Insurance brokerage
             
Huicai Insurance Brokerage Co., Ltd.   Beijing, China, 2016   100%*   Dormant
Cheche Zhixing (Ningbo) Car Service Co., Ltd.   Ningbo, China, 2019   100%*   Dormant

 

* The WFOE has 100% beneficial interests in the consolidated VIE (including its subsidiaries).
Schedule of Consolidated Financial Statements

   As of December 31,   As of June 30, 
   2023   2024 
   RMB   RMB 
ASSETS          
Current assets:          
Cash and cash equivalents   86,330    70,463 
Short-term investment   226    226 
Accounts receivable, net   445,941    528,942 
Prepayments and other current assets   41,695    47,857 
Amounts due from intra-Group companies   4,575    3,168 
Total current assets   578,767    650,656 
Non-current assets:          
Restricted cash   5,000    5,000 
Property, equipment and leasehold improvement, net   1,221    2,197 
Intangible assets, net   8,050    7,000 
Right-of-use assets   7,067    8,305 
Goodwill   84,609    84,609 
Total non-current assets   105,947    107,111 
TOTAL ASSETS   684,714    757,767 
LIABILITIES          
Current liabilities:          
Accounts payable   283,547    342,720 
Short-term borrowings   10,000    5,000 
Contract liabilities   626    3 
Salary and welfare benefits payable   57,878    56,344 
Tax payable   624    519 
Amounts due to related party   55,251    58,801 
Accrued expenses and other current liabilities   11,504    14,360 
Short-term lease liabilities   2,304    3,363 
Amounts due to intra-Group companies   158,648    171,492 
Total current liabilities   580,382    652,602 
Non-current liabilities:          
Deferred tax liabilities   2,013    1,750 
Long-term lease liabilities   4,550    4,485 
Deferred revenue   1,432    1,432 
Amounts due to intra-Group companies   244,471    236,292 
Total non-current liabilities   252,466    243,959 
TOTAL LIABILITIES (without recourse to the primary beneficiary)   832,848    896,561 
Schedule of Operation

   2023   2024 
  

For the six months ended

June 30,

 
   2023   2024 
   RMB   RMB 
Net revenues          
- earned from external parties   1,539,010    1,377,227 
- earned from intra-Group companies   6,289    4,717 
Total revenues   1,545,299    1,381,944 
Cost of revenues and operating expenses          
- arising from external parties transactions   (1,574,436)   (1,412,042)
- arising from intra-Group transactions   (717)   (743)
Total cost of revenues and operating expenses   (1,575,153)   (1,412,785)
Net loss   (35,985)   (35,394)
Schedule of Cash Flow

  

   2023   2024 
  

For the six months ended

June 30,

 
   2023   2024 
   RMB   RMB 
Cash flows from operating activities:          
Net cash generated from transactions with intra-Group companies   38,126    89,612 
Net cash provided by /(used in) transactions with external parties   22,406    (9,625)
Net cash generated from operating activities   60,532    79,987 
Net cash used in transactions with external parties   (100)   (11,433)
Net cash used in investing activities   (100)   (11,433)
Net cash used in transactions with intra-Group companies   (15,000)   (79,421)
Net cash generated from /(used in)transactions with external parties   10,000    (5,000)
Net cash used in financing activities   (5,000)   (84,421)
Net increase /(decrease) in cash and cash equivalents   55,432    (15,867)