Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services 燦谷面向宏觀逆風 抱緊新能源車服務
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. 汽車交易佔了公司四季度收入的三分之二，而較早開展的汽車金融業務萎縮至總收入的四分之一。
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.