This article only represents the author's own views.
Talk about hitting a major speed bump.
Car trading platform Cango Inc.’s (CANG.US) business took a big hit in the second quarter, as China’s car market ground to a near standstill and the company’s headquarters in Shanghai was shuttered along with thousands of other businesses for much of the period. But Cango remained comfortable enough to start putting its cash back into short-term investments, as it continued to roll out some of the final pieces in its transformation to a provider of car-trading services from its older business model as a car financier.
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