Cango Inc (CANG) Earnings

Cango, Inc. operates as an automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. The company is headquartered in Shanghai, Shanghai and currently employs 217 full-time employees. The company went IPO on 2018-07-26. The firm mainly provides automobile trading solutions and after-market services facilitation services. Automobile trading solutions mainly include car sourcing and transaction facilitation services, along with logistics and warehousing support for dealers, which are accessible primarily through Cango U-car application (app). After-market services facilitation services include the sale of insurance policies and other after-market services. The firm provides automotive financing facilitation services, as well as value-added services, such as assistance with administrative procedures associated with car purchasing and financing. The firm also operates overseas crypto mining business.