Facing Winter At Home, Cango Looks Overseas [Seeking Alpha]
Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares (CANG)
Last cango inc. american depositary shares, each representing two (2) class a ordinary shares earnings: 3/23 04:30 pm
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Source: Seeking Alpha
If you can't stand the heat in China's intensely competitive car market, then you get out of the kitchen. Of course, that's a slight exaggeration, but it's not too far from the latest approach by Cango Inc. NYSE: CANG ), a former auto financier now trying to become a leading provider of auto trading services in the world's largest car market. Following a major pivot in its domestic strategy late last year in response to intense competition, Cango disclosed yet another major new turn in its roadmap in its fourth quarter results released on Monday. That turn will see Cango try to position itself as a leading facilitator of used Chinese car sales to developing markets. Such a move may sound radical, but it dovetails with a recent boom in Chinese new car exports that has seen the country challenge Japan for the spot as the world's top auto exporter. The Chinese companies are looking overseas after building up huge capacity that fed the country's huge demand for cars as its economy
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CANG
News
- Cango Inc. Filed Its Annual Report on Form 20-FPR Newswire
- Cango Inc.'s (NYSE:CANG) largest shareholders are retail investors with 51% ownership, insiders own 28% [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Up to US$50 Million New Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Cango Inc. Announces Up to US$50 Million New Share Repurchase ProgramPR Newswire
- CANGO Mobility and MiTAC Announce Collaboration to Transform Fleet Management with Integrated Video Telematics and CANbus Data InsightPR Newswire
CANG
Sec Filings
- 4/26/24 - Form 20-F
- 4/25/24 - Form 6-K
- 3/13/24 - Form 6-K
- CANG's page on the SEC website