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CANG Cango
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About Cango Company
Cango, Inc. is a holding company, which engages in the development and operation of automotive transaction service platform for connecting dealers, financial institutions, and car buyers. The firm's services cover each key component of the automotive transaction value chain, including pre-sale automobile trading solutions, during-sale automotive financing facilitation services, and post-sale after-market services facilitation. The company was founded by Jia Yuan Lin and Xiao Jun Zhang in August 2010 and is headquartered in Shanghai, China.
Revenue Breakdown
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Digital innovation continues unstoppable, and SunGu won the CDI Product Digital Innovation Award
SHANGHAI, September 13, 2023 /PRNewswire/ -- From September 5 to 6, the 9th CDIE Digital Innovation Expo (hereinafter referred to as the “9th CDIE”) was grandly held at the Zhangjiang Science Hall in Shanghai. At the “3rd CDI Huaying Digital Index Awards Dinner” that night, Cangu Group was awarded the “2023 CDI Product Digital Innovation Award” with its “AI Asset Guardian” digital innovation product. Based on years of deep cultivation and exploration in the auto finance field, SunValley Group is an AI Asset Gu (AI Asset Gu) created based on million-level auto finance consumption data
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ColumnsAfter rolling out its new business model, Cango shifts into new phase
Key Takeaways:
Cango’s new and used car trading platforms have logged strong growth since their recent launches, attracting around 10,000 and 5,000 dealers, respectively, by the end of last year
The company’s revenue fell sharply in the fourth quarter due to its...
