Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services 灿谷面向宏观逆风 抱紧新能源车服务
Car trading made up two-thirds of company’s revenue in fourth quarter, while its older auto finance business shrank to just a quarter of the total. 汽车交易占了公司四季度收入的三分之二，而较早开展的汽车金融业务萎缩至总收入的四分之一。
What do you do when macroeconomic factors beyond your control put a damper on your business? You look to the future and try to prepare for when things will get better.
Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.