Cango Shifts Gears to Used Car Exports as China’s Market Slows

Cango Inc., a Chinese company that initially focused on car finance, has pivoted to an asset-light model of providing services for the used car market as China’s auto industry experiences a slowdown. The company’s latest initiative involves exporting used Chinese cars globally through its Autocango.com platform, which has already attracted over 20,000 registered users in 207 countries.

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