This article only represents the author's own views.
The story of Cango Inc. (CANG.US) looks a bit like a car that’s restarting after a major overhaul these days, roaring ahead one moment only to sputter the next. The company, which has transformed from a car financier to operator of a car trading platform, was in clear “roaring” mode in the second quarter, posting turbo-charged revenue growth – its first in nearly two years – as its new business model gained traction.
But the company’s latest financial report also contained some sputtering signs. Most notably, it predicted a major business slowdown in the third quarter, amid broader signs that China’s post-Covid rebound in the first half of the year could be running out of fuel.
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