This article only represents the author's own views.
After a two-year overhaul, car-trading platform operator Cango Inc. (CANG.US) is finally emerging from the body shop with a shiny new look that includes its first profits in nearly two years.
While it’s still early days for the company in its new form as a car trading platform, the initial signs from its latest quarterly report look encouraging. Cango started out about a decade ago as an auto financier at a time when China was encouraging more private investment in its financial sector. But Beijing later cracked down on such private financiers, forcing many to close and the few survivors like Cango to find new business models.
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