This article only represents the author's own views.
If you can’t stand the heat in China’s intensely competitive car market, then you get out of the kitchen.
Of course that’s a slight exaggeration, but it’s not too far from the latest approach by Cango Inc. (CANG.US), a former auto financier now trying to become a leading provider of auto trading services in the world’s largest car market. Following a major pivot in its domestic strategy late last year in response to intense competition, Cango disclosed yet another major new turn in its roadmap in its fourth quarter results released on Monday.
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