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Cheche Group Reports First Half 2026 Unaudited Financial Results

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BEIJING, Sept. 4, 2026 /PRNewswire/ — Cheche Group Inc. (NASDAQ: CCG) (“Cheche”, “the Company” or “we”), China’s leading auto insurance technology platform, today announced its unaudited financial results for the six months ended June 30, 2026.

Key Business Highlights

Partnerships with New Energy Vehicle (NEV) companies numbered 18 in the first half 2026 and led to 1,049,000 policies with corresponding written premium of RMB3.2 billion (US$472.0 million), representing an increase of 29.5% and 23.7%, respectively, compared to the prior-year period.

Net revenues decreased 34.4% to RMB885.0 million (US$130.4 million) as we have been proactively restructuring business portfolio to focus on high-margin segments.

Gross margin increased to 6.5% from 4.9% in the prior-year period, driven by an improved business mix, with NEV premiums increasing to 31.0% of total written premiums from 22.5% in the prior-year period.

Management Comments

“In the first half of 2026, Cheche made meaningful progress in reshaping our business for the next phase of growth,” said Lei Zhang, Founder, CEO and Chairman of Cheche. “We made deliberate choices to shift away from lower-margin, less strategic revenue streams and concentrate our resources on the business and capabilities where we believe we can create greater long-term value through technology, data and differentiated solutions. As a result, while net revenues declined 34.4% to RMB885.0 million, gross margin expanded by 160 basis points, reflecting a fundamentally stronger revenue mix.

“This transformation is now visibly expressed in our recent launch of the ABAO Agent Family – a suite of five specialized AI agents, built on Cheche’s proprietary vertical insurance large language model that spans the full NEV insurance lifecycle from dynamic pricing to claims processing. Together with our Cheche Score and proprietary NEV intelligent pricing model, ABAO marks our strategic evolution from a digital insurance transaction platform into an AI-driven insurance infrastructure provider. These capabilities are deepening our relationships with insurance carrier partners, improving the economics of our core operations and expanding the ways in which our technology can be applied.

“Transformation requires discipline, and we remain focused on streamlining operations, strengthening our foundation and directing resources toward our highest-value opportunities. We are also exploring ways to broaden our platform and enhance the scale and resilience of our operations as we enter the next phase of our evolution. Our objective is to build a more diversified enterprise with the flexibility to pursue compelling opportunities while maintaining disciplined execution and a clear focus on shareholder value.”

Unaudited First Half Year 2026 Financial Results

Net Revenues were RMB885.0 million (US$130.4 million), representing a 34.4% year-over-year decrease from the prior-year period as a result of the restructuring of our business portfolio.

Cost of Revenues decreased 35.5% year-over-year to RMB827.6 million (US$122.0 million) from the prior-year period due to a decline in net revenues and higher gross margin driven by the restructuring of our business portfolio.

Gross profit decreased 12.6% to RMB57.5 million (US$8.5 million) compared to the prior-year period due to the decrease of net revenues, partially offset by the improved business structure which led to a higher gross margin.

Selling and Marketing Expenses decreased 4.3% to RMB35.6 million (US$5.3 million) from RMB37.3 million in the prior-year period, mainly due to the decrease in staff cost and share-based compensation expenses. Excluding share-based compensation expenses, selling and marketing expenses were RMB34.5 million (US$5.1 million), a decrease of 2.5% compared to the prior-year period.

General and Administrative Expenses increased 55.4% to RMB57.9 million (US$8.5 million) from RMB37.3 million for the prior-year period due to the recognition of RMB35.1 million (US$5.2 million) specific allowance of credit losses for long-aged and high-risk receivables, partially offset by the decrease in share-based compensation expenses and professional service fees. Excluding share-based compensation expenses, general and administrative expenses increased 112.7% year over year, from RMB26.6 million to RMB56.5 million (US$8.3 million).

Research and Development Expenses decreased 21.0% to RMB14.5 million (US$2.1 million) from RMB18.3 million in the prior-year period, mainly due to the decrease in staff costs and professional service fees. Excluding share-based compensation expenses, research and development expenses decreased 21.0% to RMB14.1 million (US$2.1 million) from RMB17.8 million in the prior-year period.

Total Operating Expenses increased 16.4% to RMB108.0 million (US$15.9 million) from RMB92.8 million in the prior-year period, mainly due to the recognition of specific allowance of credit losses for long-aged and high-risk receivables, partially offset by the decrease in staff cost, share-based compensation expenses and professional service fees. Excluding share-based compensation expenses, total operating expenses increased 31.8% to RMB105.1 million (US$15.5 million) from RMB79.8 million in the prior-year period.

Net Loss increased 72.3% to RMB44.1 million (US$6.5 million) from RMB25.6 million in the prior-year period. Excluding non-GAAP expenses, the Adjusted Net Loss increased 257.7% to RMB37.7 million (US$5.6 million) from RMB10.5 million in the prior-year period.

Net Loss Per Share, basic and diluted, was RMB18.57 (US$2.74), increasing RMB7.68 from a loss of RMB10.89 for the prior-year period.

Adjusted Net Loss Per Share, basic and diluted, was RMB15.89 (US$2.34), increasing RMB11.4 from a loss of RMB4.49 for the prior-year period.

First Half Year 2026 Business Developments

On January 29, 2026, Cheche announced that Volkswagen (Anhui) Digital Sales and Services Co., Ltd (“DSSO”), Beijing Cardif Airstar Property & Casualty Insurance Co., Ltd. (“Cardif Airstar Insurance”), and Cheche Group Inc. held a strategic cooperation signing ceremony on January 29, 2026. They will collaborate to develop digital insurance services for Volkswagen owners and expand into areas such as intelligent pricing, intelligent-driving insurance, and non-auto insurance. The partnership aims to establish a digital financial and insurance service system covering the full lifecycle of electric vehicle ownership.

On May 28, 2026, Cheche announced the official launch of its proprietary, AI large model-driven intelligent connected vehicle pricing product. Targeting China’s expanding market of approximately 20 million intelligent connected NEVs, the platform utilizes advanced machine learning and multi-dimensional data analytics. By analyzing real-time driving behavior, usage patterns, and localized risk scenarios, the technology delivers precise, personalized insurance pricing tailored to individual drivers.

On June 22, 2026, Cheche announced the official launch of “ABAO Agent,” an AI-powered intelligent underwriting agent. ABAO Agent is now commercially deployed in auto insurance renewal scenarios at scale. Its 24/7 autonomous capabilities allow the agent to independently execute the complete renewal workflow—customer outreach, needs identification, policy follow-up, and conversion—functions that previously required dedicated human teams. The result is a reduction in labor and operational costs for carrier partners, with no compromise to service continuity.

On June 24, 2026, Cheche announced the launch of “Cheche Score,” a proprietary AI-powered dynamic pricing solution for NEV insurance. Cheche Score is fully commercialized and functioning across multiple cities in China. Cheche has entered into dedicated AI-powered renewal cooperation agreements with several of China’s largest insurance carriers, jointly building a digital operating ecosystem that connects intelligent pricing, precision renewal, and closed-loop customer service.

On September 1, 2026, Cheche announced the launch of the ABAO Agent Family, a suite of five specialized AI agents built on Cheche’s proprietary vertical insurance large language model. Spanning the full NEV insurance lifecycle, from dynamic pricing optimization to claims processing and specialized diagnostics, the ABAO Agent Family marked Cheche’s strategic evolution from a digital insurance transaction platform into an AI-driven insurance infrastructure provider.

Balance Sheet

As of June 30, 2026, the Company had RMB173.7 million (US$25.6 million) in total cash and cash equivalents, restricted cash and short-term investments.

Business Outlook

For the full year 2026:

Cheche is revising its Net Revenue guidance to an approximate range of RMB1.5 billion to RMB1.8 billion, from the previously announced approximate range of RMB3.0 billion to RMB3.2 billion, to reflect the impact of its ongoing business restructuring.

Cheche is revising its NEV Written Premiums Placed guidance to an approximate range of RMB8.0 billion to RMB10.0 billion from the previously announced approximate range of RMB10.5 billion to RMB 12.0 billion, to reflect the change of NEV sales in the domestic market.

Cheche ceased using Total Written Premiums Placed as a key business performance indicator as a result of its strategic pivot.

Cheche is estimating an Adjusted Net Loss range of RMB42.7 million to RMB47.4 million for the full year 2026, due primarily to the ongoing restructuring.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the reader’s convenience. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referenced could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 101 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en

Cheche Group Inc.:

IR@chechegroup.com 

Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185

Non-GAAP Financial Measures

Cheche has provided non-GAAP financial measures in this press release that have not been prepared in accordance with generally accepted accounting principles (GAAP) in the United States.

Cheche uses adjusted selling and marketing expenses, adjusted general and administrative expenses, adjusted research and development expenses, adjusted total operating expenses, adjusted net loss, and adjusted net loss per share, which are non-GAAP financial measures, in evaluating our operating results and for financial and operational decision-making purposes.

Cheche defines adjusted total operating expenses as total operating expenses adjusted for the impact of share-based compensation. Cheche defines adjusted net loss as net loss adjusted for the impact of share-based compensation expenses, amortization of intangible assets, and changes in fair value of amounts due to a related party related to the acquisition of Cheche Insurance Sales & Services Co., Ltd. (previously named Fanhua Times Sales and Service Co., Ltd), and change in fair value of warrants. Adjusted net loss per share, basic and diluted, is calculated as adjusted net loss divided by weighted-average ordinary shares outstanding.

Cheche believes that these non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the impact of share-based compensation expenses, amortization of intangible assets related to acquisition, and change in fair value of amounts due to a related party related to the acquisition of Cheche Insurance Sales & Services Co., Ltd. (previously named Fanhua Times Sales and Service Co., Ltd), and change in fair value of warrants. Cheche believes that such non-GAAP financial measures also provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects, and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. They should not be considered in isolation or construed as alternatives to net loss or any other measure of performance or as an indicator of Cheche’s operating performance. Further, these non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Cheche encourages investors and others to review the Company’s financial information in its entirety and not rely on a single financial measure. Investors are encouraged to compare the historical non-GAAP financial measures with the most directly comparable GAAP measures. Cheche mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating its performance.

Safe Harbor Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimations, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

 

 

Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands, except for share and per
share data)

December 31,

June 30,

June 30,

2025

2026

2026

RMB

RMB

USD

ASSETS

Current assets:

Cash and cash equivalents

144,511

131,730

19,415

Restricted cash

5,000

41,779

6,157

Short-term investments

226

226

33

Amounts due from related parties

14,303

2,108

Accounts receivable, net

1,145,752

665,931

98,146

Prepayments and other current assets

60,059

64,256

9,470

Total current assets

1,355,548

918,225

135,329

Non-current assets:

Restricted cash

21,086

Property, equipment and leasehold improvement, net

831

893

132

Intangible assets, net

3,850

2,800

413

Right-of-use assets

6,453

5,016

739

Goodwill

84,609

84,609

12,470

Other non-current assets

2,477

1,981

292

Total non-current assets

119,306

95,299

14,046

Total assets

1,474,854

1,013,524

149,375

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Accounts payable

842,728

430,847

63,499

Short-term borrowings

80,500

98,190

14,471

Contract liabilities

1,044

1,238

182

Salary and welfare benefits payable

83,686

79,321

11,690

Tax payable

22,657

18,320

2,700

Amounts due to a related party

50,626

52,949

7,804

Accrued expenses and other current liabilities

19,206

20,167

2,974

Short-term lease liabilities

4,727

3,510

517

Total current liabilities

1,105,174

704,542

103,837

Non-current liabilities:

Deferred tax liabilities

963

700

103

Long-term borrowings

9,800

Long-term lease liabilities

801

604

89

Deferred revenue

1,432

1,432

211

Warrant

1,512

1,544

228

Total non-current liabilities

14,508

4,280

631

Total liabilities

1,119,682

708,822

104,468

Ordinary shares

6

6

1

Treasury stock

(1,025)

(1,025)

(151)

Additional paid-in capital

2,550,197

2,553,093

376,279

Accumulated deficit

(2,192,846)

(2,236,903)

(329,679)

Accumulated other comprehensive loss

(1,160)

(10,469)

(1,543)

Total the Company’s shareholders’ equity

355,172

304,702

44,907

Total liabilities and shareholders’ equity

1,474,854

1,013,524

149,375

 

 

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in
thousands, except for share and per share data)

For the Six Months Ended

June 30,

June 30,

June 30,

2025

2026

2026

RMB

RMB

USD

Net revenues

1,348,652

885,048

130,440

Cost of revenues

(1,282,869)

(827,573)

(121,969)

Gross profit

65,783

57,475

8,471

Operating expenses:

Selling and marketing expenses

(37,250)

(35,637)

(5,252)

General and administrative expenses

(37,255)

(57,902)

(8,534)

Research and development expenses

(18,293)

(14,457)

(2,131)

Total operating expenses

(92,798)

(107,996)

(15,917)

Operating loss

(27,015)

(50,521)

(7,446)

Other expenses:

Interest income

1,669

1,112

164

Interest expense

(1,213)

(1,396)

(206)

Foreign exchange gains

893

6,630

977

Government grants

1,295

2,839

418

Changes in fair value of warrant

1,114

(80)

(12)

Changes in fair value of amounts due to related party

(2,052)

(2,330)

(343)

Others, net

(454)

(552)

(81)

Loss before income tax

(25,763)

(44,298)

(6,529)

Income tax benefit

195

241

36

Net loss

(25,568)

(44,057)

(6,493)

Other comprehensive loss:

Foreign currency translation adjustments, net of nil tax

(1,302)

(9,316)

(1,373)

Fair value changes of amounts due to related party due to own credit risk

(453)

7

1

Total other comprehensive loss

(1,755)

(9,309)

(1,372)

Total comprehensive loss

(27,323)

(53,366)

(7,865)

Net loss per ordinary shares outstanding(1)

Basic

(10.89)

(18.57)

(2.74)

Diluted

(10.89)

(18.57)

(2.74)

Weighted average number of ordinary shares outstanding(1)

Basic

2,348,249

2,372,032

2,372,032

Diluted

2,348,249

2,372,032

2,372,032

(1) The shares and per share information are presented on a retroactive basis to reflect the 35-for-1 share consolidation of its Class A ordinary shares and Class B ordinary shares effective on July 20, 2026.

 

 

Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses (Unaudited)

(All amounts in thousands)

For the Six Months Ended

June 30,

June 30,

June 30,

2025

2026

2026

RMB

RMB

USD

Selling and marketing expenses

(37,250)

(35,637)

(5,252)

Add: Share-based compensation expenses

1,851

1,135

167

Adjusted Selling and marketing expenses

(35,399)

(34,502)

(5,085)

General and administrative expenses

(37,255)

(57,902)

(8,534)

Add: Share-based compensation expenses

10,674

1,354

200

Adjusted General and administrative expenses

(26,581)

(56,548)

(8,334)

Research and development expenses

(18,293)

(14,457)

(2,131)

Add: Share-based compensation expenses

512

407

60

Adjusted Research and development expenses

(17,781)

(14,050)

(2,071)

Total operating expenses

(92,798)

(107,996)

(15,917)

Adjusted total operating expenses

(79,761)

(105,100)

(15,490)

 

 

Reconciliation of GAAP Net Loss and Net Loss Per Ordinary Share to Non-GAAP Net Loss and Net Loss Per
Ordinary Share (Unaudited)

(All amounts in thousands, except for share data and per share data)

For the Six Months Ended

June 30,

June 30,

June 30,

2025

2026

2026

RMB

RMB

USD

Net loss

(25,568)

(44,057)

(6,493)

Add: Share-based compensation expenses

13,040

2,896

427

Amortization of intangible assets related to acquisition

1,050

1,050

155

Changes in fair value of warrant

(1,114)

80

12

Changes in fair value of amounts due to related party

2,052

2,330

343

Adjusted net loss

(10,540)

(37,701)

(5,556)

Weighted average number of ordinary shares used in
computing non-GAAP adjusted net loss per ordinary
share(1)

Basic

2,348,249

2,372,032

2,372,032

Diluted

2,348,249

2,372,032

2,372,032

Net loss per ordinary share(1)

Basic

(10.89)

(18.57)

(2.74)

Diluted

(10.89)

(18.57)

(2.74)

Non-GAAP adjustments to net loss per ordinary share(1)

Basic

6.40

2.68

0.40

Diluted

6.40

2.68

0.40

Adjusted net loss per ordinary share(1)

Basic

(4.49)

(15.89)

(2.34)

Diluted

(4.49)

(15.89)

(2.34)

(1) The shares and per share information are presented on a retroactive basis to reflect the 35-for-1 share consolidation of its Class A ordinary shares and Class B ordinary shares effective on July 20, 2026.

 

 

View original content:https://www.prnewswire.com/news-releases/cheche-group-reports-first-half-2026-unaudited-financial-results-302870447.html

SOURCE Cheche Group Inc.

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The Second Global Business Summit on BRI Infrastructure to Accelerate the SDGs Held in Singapore

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SINGAPORE, Sept. 6, 2026 /PRNewswire/ — The Second Global Business Summit on Belt and Road Infrastructure Investment to Accelerate the SDGs was held in Singapore under the theme “Connect for Better World.” The Summit was organized by the UN Global Compact’s Sustainable Infrastructure for the Belt and Road Initiative to Accelerate the SDGs Action Platform, co-organized by UN Global Compact Network Singapore.

The Summit convened over 300 senior leaders and representatives of international organizations, global and regional enterprises, civil society organizations, academics and think tanks, launching a dozen of Sustainability-driven joint actions and innovative partnerships led by private sector with a view to unlock opportunities of BRI infrastructure cooperation to advance the 2030 Agenda for Sustainable Development.

The Summit adopted a declaration setting out business priorities for sustainable infrastructure, responsible AI, just energy transition, global supply chains resilience, sustainable finance, women and youth empowerment in digital era and international cooperation in traditional medicine. The Summit launched expert groups on sustainable energy and sustainable digital infrastructure, alongside 12 SDG-driven outcomes covering green mining, electricity carbon-footprint standards, biodiversity conservation, ocean protection, sustainable transport, women’s microenterprise growth and inclusive global development, led by private sector pioneers.

UN Assistant Secretary general, CEO of UN Global Compact Ms. Sanda Ojiambo noted resilient infrastructure is key to long-term sustainable development. She emphasized: “the initiatives being launched today – from new expert groups on sustainable energy and digital infrastructure to new guidance on biodiversity, green minerals, and responsible AI – demonstrate that meaningful progress depends on collaboration across borders, sectors, and value chains.” Through the BRI for SDGs Action Platform, she added, “companies are joining forces to develop practical guidance, share expertise, and collaborate on solutions that can be applied across industries and regions.”

Mr. Selwin Hart, UN Secretary-General’s Special Adviser on Climate Action and Just Transition said: “Through the Belt and Road Initiative, Chinese businesses and financial institutions can help connect China’s extraordinary clean energy capabilities with the enormous growth opportunities across the developing world. The next chapter of the energy transition must show what cooperation at scale can achieve. Because in a divided world, our greatest opportunities will come not from retreating behind borders, but from building bridges — connecting markets, mobilizing investment, sharing solutions and creating prosperity together.

2026 kicks start the UN Decade of Sustainable Transport, UN Secretary-General’s Special Envoy for Road Safety Mr. Jean Todt noted the Belt and Road Initiative is one of the world’s largest infrastructure and connectivity efforts. Its scale must be matched by an equally strong commitment to safety. Mr. Li Junhua, Under-Secretary-General for Economic and Social Affairs of United Nations concluded the Summit by appealing “No single country can tackle today’s complex connectivity challenges in isolation. Cooperation, between governments, international organizations, financial institutions and the private sector, is crucial for keeping us connected. The Belt and Road Initiative stands as a prime example of cross-border connectivity in action.

Ms. Armida Salsiah Alisjahbana, Executive Secretary of UNESCAP, Mr. Stephen Jackson, UN resident coordinator in China and Mr. Nikolas Myint, UN resident coordinator in Malaysia, Singapore and Brunei Darussalam highlighted importance role of the Summit to foster cross-border collaboration while noted China, Singapore and ASEAN region’s contribution to regional stability and global progress towards the SDGs.

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SOURCE UN Global Compact

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TCL Showcases AI Inspired Life at IFA 2026 Through Its Screen Universe

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From next-generation displays and AI-powered smart home experiences to sports-inspired moments, TCL presents an immersive vision of everyday life in the AI era.

BERLIN, Sept. 6, 2026 /PRNewswire/ — TCL today unveiled its vision for an AI Inspired Life at IFA 2026 through the “Inspiration Habitat,” an immersive smart-living environment that brings together next-generation displays, AI-powered smart home experiences and sustainable energy solutions. Built around TCL’s Screen Universe, the exhibition shows how screens across forms and applications are evolving into intelligent interfaces connecting people with content, services and the physical world.

With the FIBA Women’s Basketball World Cup 2026 taking place in Berlin during IFA, TCL is extending this vision from the exhibition floor to sports-inspired fan experiences, showing how display innovation and AI-enabled living can bring the energy of the court closer to everyday life.

“At IFA 2026, TCL is showing how AI and display innovation can create more intuitive, immersive and human-centered experiences,” said Daniel Sun, CTO of TCL Industries. “Through our Screen Universe, TCL is turning advanced display technologies and AI capabilities into tangible home experiences.”

TCL’s Screen Universe Turns Display Innovation into Everyday Intelligence

At IFA 2026, TCL brought together voices from technology, entertainment and creative industries to examine how larger screens, improved picture quality and intelligent interaction are shaping immersive home entertainment.

A key highlight is the TCL X11L SQD-Mini LED TV, which delivers up to 100% BT.2020 All-Scene Wide Color Gamut, precise dimming and up to HDR 10,000 nits peak brightness through next-generation display technologies. TCL also introduced RayNeo GT Max AR Glasses, the world’s first Dolby Vision-certified AR glasses, extending premium viewing beyond the living room into personal, mobile scenarios.

AI Inspired Life: Intelligence That Lives in Everyday Moments

Through the latest NXTHOME™ ecosystem, TCL presents a future-oriented approach to connected living, where smart displays, connected home appliances, AI experiences, interior design and sustainable living create a home environment that adapts to people’s needs.

The AiMe Family Companion Robot brings intelligent technology to life through natural multimodal interaction and lifelike motion control. TCL’s AI-powered appliances, including the FreshIN 3.0 Ultra Air Conditioner, TCL Free Built-in Refrigerator and TCL AI SuperDrum Laundry Tower P9 Ultra, translate AI capabilities into practical experiences across air care, food storage and laundry care.

Inspire Your Passion: Bringing the Thrill of Sport Beyond the Court

From the Olympic Games to the world’s top arenas, TCL continues to use sport as a powerful way to connect people through shared moments of passion, performance and possibility that Inspire Greatness in everyday life.

With IFA 2026 and the FIBA Women’s Basketball World Cup 2026 both taking place in Berlin, TCL is bringing the energy of women’s basketball into its Inspiration Habitat through basketball-inspired experiences and fan interactions. TCL is embedding the spirit of #TCLforHer across its activations and global communications, celebrating the confidence, resilience and ambition represented by women’s basketball.

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VITG Unveils Modern Managed Services and Managed Detection & Response as Part of a Broader AI and Cybersecurity Transformation across ANZ

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SYDNEY, Sept. 7, 2026 /PRNewswire/ — As organisations across Australia and New Zealand navigate the accelerating impact of artificial intelligence, increasingly sophisticated cyber threats, and growing governance requirements, Virtual IT Group   (VITG) has announced the launch of Modern Managed Services  (MMS)  and Managed Detection & Response  (MDR) , that are next-generation managed services and managed security offerings designed to help organisations remain secure, resilient and ready for what’s next.

Modern Managed Services delivers a Modern Defensible Architecture framework for managed IT operations, ensuring security controls, governance frameworks and operational best practices are embedded and continuously maintained. Complementing this, Managed Detection & Response provides organisations with 24×7 Security Operations Centre (SOC) capability, actively monitoring, investigating and responding to threats using advanced security analytics and response technologies.

Jeremy Nees , Chief Product Officer, VITG , said:

“Too often, organisations purchase managed services only to discover they do not have the standard level of security they need. As businesses adopt AI, the old-world IT solutions that Managed Service Providers (MSP) are selling are simply not going to cut it. We’ve baked common security requirements into the MMS service from day one, applying the key principles of Modern Defensible Architecture: Secure-by-Design, Defense in Depth, and Zero Trust.

MDR and ZDR   can be layered on top or are available independently if you have your own IT service or team. The push to adopt AI is leaving security gaps across the ANZ mid-market. Our goal is to provide customers with technology that is secure, resilient, and ready for what’s next.”

The launch marks VITG’s second major solution release of the year, following the introduction of its Zero Trust Consulting Practice  and Zero Trust Detection & Response  (ZDR)  offering earlier in 2026. It is also the Group’s first launch since acquiring cybersecurity outfit Security Centric , building on the addition of Auckland based The Instillery  in 2025 and further strengthening VITG’s capabilities across managed services, cloud, cybersecurity, data and AI. VITG is also advancing a dedicated Data & AI Practice and Momentum, a continuous improvement framework currently being piloted with customers ahead of a market launch later this year.

Since joining VITG  at the start of the year, Maurice McCarthy , Chief Executive Officer , is committed to moving at pace to meet the demand that has been created off the back of the market’s rapid adoption of AI.   

McCarthy said, “The traditional managed services model was built for a different era. Today’s organisations need partners that can help them unlock the value of data and AI while strengthening cybersecurity, managing risk, and continuously evolving their technology environment.

Through the acquisition of Security Centric and The Instillery we have brought together market-leading expertise across managed services, data and AI, and cybersecurity. This launch is the first of several innovations we will introduce as we help organisations accelerate transformation and realise greater value from AI.”

Sash Vasilevski , Chief Security Officer, VITG , said:

“The technology businesses are using to unlock the value of AI, integrate systems, and build strong data foundations, is rapidly introducing new risks and attack surfaces.

As business leaders accelerate their adoption of AI, the gap between the threats they face and the security capabilities they have in place is growing faster than many businesses realise.”

Modern Managed Services and Managed Detection & Response are available immediately.

For more information, visit:

Modern Managed Services (MMS)

Managed Detection & Response (MDR)

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SOURCE Virtual IT Group

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