This article only represents the author's own views.
When its history is written, the story of Cango Inc. (CANG.US) will be a tale that in many ways parallels the many twists and turns in China’s rapidly evolving car industry.
The company initially focused on car finance, as it profited from a booming auto market that passed the U.S. to become the world’s largest, fueled by a new Chinese middle class racing to buy new vehicles. Later, the company shifted gears and began providing domestic auto trading services after China began reining in private financial companies over concerns about their lack of risk management experience.
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