Cango Inc. reports Q1 2022 unaudited financial results.

Auto Business News-June 10, 2022--Cango Inc. reports Q1 2022 unaudited financial results

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Auto Business News - 10 June 2022

Cango Inc. (NYSE: CANG), an automotive transaction service platform in China connecting car buyers, dealers, financial institutions, and other industry participants, has reported its unaudited financial results for the first quarter of 2022.

The company reported total revenues of RMB787.7m in the first quarter of 2022 compared with RMB1,123.8m for the year-ago period.

The firm posted net loss in the first quarter of...

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