BEIJING, Dec. 11, 2019 /PRNewswire/ -- Cango, Inc.
(NYSE: CANG) ("Cango" or the "Company"), a leading automotive
transaction service platform in China, has been named to the list for the Top
20 Most Innovative Automotive Fintech and Service Providers
Worldwide in 2019. Conducted by EqualOcean and the Auto Industry
& Financial Services Committee of the Shanghai Services
Federation on November 29, 2019, the
ranking aims to cultivate innovation and win-win relationships
throughout the global auto financing industry.
These results also serve as a benchmark to guide the development
of consumer financing services in the global auto industry. The
committee based its analysis on each company's industry influence,
technology application, innovation performance, competitive
strengths, market recognition, brand reputation, and future
potential to select those auto financing technology service
providers that best represent the industry for their top 20 list.
Notably, this group of world-class service providers included the
likes of CarMax Inc., Carvana Co., and Dealertrack Technologies,
Inc. in 2019.
The committee stated that Cango has reshaped auto financing
services and achieved outstanding performance as a channel service
provider through its combination of auto financing with big data
technology and other innovations. Cango's innovative efforts as a
technology-driven auto financing service platform have effectively
led the way for this traditional industry.
About Cango, Inc.
Cango Inc. (NYSE: CANG) is a leading automotive transaction
service platform in China
connecting dealers, financial institutions, car buyers, and other
industry participants. Founded in 2010 by a group of pioneers in
China's automotive finance
industry, the Company is headquartered in Shanghai and engages car buyers through a
nationwide dealer network. The Company's services primarily consist
of automotive financing facilitation, automotive transaction
facilitation, and after-market services facilitation. By utilizing
its competitive advantages in technology, data insights, and
cloud-based infrastructure, Cango is able to connect its platform
participants while bringing them a premium user experience. Cango's
platform model puts it in a unique position to add value for its
platform participants and business partners as the automotive and
mobility markets in China continue
to grow and evolve. For more information, please visit:
www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as "will," "expects," "anticipates," "future," "intends,"
"plans," "believes," "estimates" and similar statements. Among
other things, the "Business Outlook" section and quotations from
management in this announcement, contain forward-looking
statements. Cango may also make written or oral forward-looking
statements in its periodic reports to the SEC, in its annual report
to shareholders, in press releases and other written materials and
in oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Cango's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Cango's goal and strategies; Cango's expansion plans;
Cango's future business development, financial condition and
results of operations; Cango's expectations regarding demand for,
and market acceptance of, its solutions and services; Cango's
expectations regarding keeping and strengthening its relationships
with dealers, financial institutions, car buyers and other platform
participants; general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in Cango's
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and Cango does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Investor Relations Contact
Caesar Cao
Cango Inc.
Tel: +86 21 3183 5088 ext.5521
Email: ir@cangoonline.com
Jack Wang
ICR Inc.
Tel: +1 (646) 405-5056
Email: ir@cangoonline.com
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SOURCE Cango Inc.