Cheche Group Eyes $490M Stake in Solar-Storage Firm Long Way Fortune
Beijing – September 13, 2026 -- Cheche Group Inc. (Nasdaq: CCG) has signed a non-binding term sheet to make a strategic investment in Long Way Fortune, a residential solar-plus-storage operator active in Australia and Singapore, at an implied equity value of $490 million.
Cheche targets initial 20% stake with option to reach 51% ownership
The proposed stock-for-stock deal would give Cheche an initial 20% minority position in Long Way Fortune, with the option to raise its stake to as much as 51% over time subject to performance milestones and agreed conditions. Cheche's consideration will be stock-linked and released on a delayed schedule over several years.