Company description

Cango Inc. (CANG) is a Chinese e-commerce company that was founded in 2010 and has since become a leading player in the country's online retail market. The company's main business is providing an online platform for third-party merchants to sell their products to consumers. Cango has a vast network of over 600,000 active merchants and offers a wide range of products, including electronics, fashion, home goods, and more. Its platform boasts innovative features such as live chat customer service, virtual showrooms, and customized product recommendations, making the shopping experience convenient and personalized for its users. In addition to its e-commerce services, Cango also provides logistics and financing solutions to its merchants. The company has experienced steady growth over the years, with its annual revenue reaching over $1.7 billion in 2019. With its robust infrastructure and strong partnerships, Cango is well-positioned to continue its growth trajectory and maintain its position as a leader in China's rapidly growing e-commerce market.