Regulatory Compliance and Changes Risk: The insurance industry is heavily regulated in China, and any changes in laws, regulations, or licensing requirements could significantly impact Cheche Group's business model, operations, and financial performance.

Intense Competition Risk: Cheche Group operates in a highly competitive insurtech market, facing both established insurance companies and emerging technology-driven platforms, which could lead to pricing pressures, reduced market share, or higher customer acquisition costs.

Technology and Data Security Risk: Reliance on proprietary technology and digital platforms exposes the company to risks such as system outages, data breaches, cybersecurity attacks, or the failure to effectively adapt to new technological advancements.