CANG

Cango Inc. is a Chinese automotive transaction service platform that connects dealers, financial institutions, and car buyers through technology-enabled solutions. Headquartered in Shanghai, Cango provides auto financing facilitation services, after-market services, and transaction support for automotive dealers and consumers in China. The company operates a platform that helps car buyers obtain financing from banks, auto finance companies, and other lenders, while assisting dealers in completing vehicle sales. Cango offers services including loan origination support, transaction processing, data analytics, and dealer management tools designed to improve efficiency in automotive retail. The company also provides after-market products such as warranty extensions, insurance, and maintenance packages to vehicle purchasers. Cango partners with thousands of automotive dealers across China and maintains relationships with numerous financial institutions. The company leverages data analytics and risk assessment technologies to match borrowers with appropriate financing products. Cango generates revenue through service fees, commissions, and transaction-related income from dealers and financial institution partners. The company operates in China's large but competitive automotive market, where vehicle sales volumes and consumer financing penetration create opportunities for technology-enabled service platforms that streamline transactions and improve dealer productivity.