| Market Capitalization (Millions $) |
57 |
| Shares
Outstanding (Millions) |
28 |
| Employees |
96 |
| Revenues (TTM) (Millions $) |
688 |
| Net Income (TTM) (Millions $) |
-622 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
9 |
Business Description
We primarily conduct business in China through the consolidated VIE and its subsidiaries. PRC laws and regulations control our activities in China. As of the date hereof, the Group has obtained all necessary permissions and approvals relevant to the Groups operations in China, including governmental approval for and license held by Cango Financing to conduct financing guarantee service, as well as license held by Fushun Insurance Brokerage Co., Ltd. to conduct insurance brokerage service.
The Group is a leading technology-enabled automotive transaction service platform in China, connecting dealers, OEMs, car buyers and other industry participants. The Cango platform empowers and serves upstream and downstream of the automotive transaction value chain and offers comprehensive services, working together with platform participants to deliver simple and enjoyable car purchasing and ownership experience. The Group has extensive, technology-enabled service offerings that 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 Group has been focusing on building a self-reinforcing ecosystem. Leveraging the well-established automotive transaction service platform, it is well positioned to engage more industry participants through Cango platform. As the Group facilitates more transactions, offers more solutions and services and creates more value for them, it benefits from a self-reinforcing virtuous cycle, which further enhances the close-looped ecosystem. As such, we believe the Cango platform offers core value propositions (i) for car dealers by matching demand and supply to improve their car sourcing efficiency and enable them to access popular car models to better serve car buyers; (ii) for OEMs by expanding sales channels to help them reach under-covered geographies through a vast dealer network; and (iii) for car buyers, as they will enjoy simple and pleasant one-stop car purchasing experience through the solution and service offerings on Cango platform.
Company Address: 2605, 26/F, Harbour Centre Wanchai, 0
Company Phone Number: 3163-7300 Stock Exchange / Ticker: NYSE CANG
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100 %