FAST NEWS: Cango announces new $50 million share repurchase plan
The Latest: Car trading platform operator Cango Inc. (CANG.US) on Tuesday announced a new program to purchase up to $50 million worth of its American depositary shares (ADS) on the…
Cango zooms in second quarter, but sees bumpy road ahead
The car trading platform operator’s revenue more than doubled in the three months to June, representing its first growth in nearly two years Key Takeaways: Cango reported its first quarter…
Cango drives back to profits as new business model gains traction
The car-trading platform operator logged its first net and operating profits in more than a year in the first quarter, and forecast it will return to year-on-year revenue growth in…
After rolling out its new business model, Cango shifts into new phase
The company launched its U-Car used car trading app at the start of this year, representing the last major piece in its transformation from auto financier to car trader Key…
Cango’s Car-Trading Platform Racks Up Users, But Investors Want Profits
Company’s newly launched U-Car platform becomes one of the final pieces in its new business model providing a wide range of online car-trading servicesKey Takeaways:Cango’s revenue fell sharply in the…
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