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
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