About Cango
Cango is a company based in Shanghai (China) founded in 2010. It operates as a Data-as-a-Service, and Reseller / Distribution. The company has 217 employees as of December 31, 2024. Cango offers products and services including Bitcoin Mining and Used Car Export Services.
- Headquarter Shanghai, China
- Employees 217 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cango Inc Sponsored Adr
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Annual Revenue
$113.01 M-53.61as on Dec 31, 2024
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Net Profit
$41.66 M878.69as on Dec 31, 2024
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EBITDA
$35.6 M61.37as on Dec 31, 2024
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Latest Funding Round
$10 M (USD), Post-IPO
Apr 01, 2026
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Investors
Tencent
& 5 more
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Employee Count
217
as on Dec 31, 2024
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IPO & Listings of Cango
Cango is a publicly listed company on the NYSE with ticker symbol CANG in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Cango
Cango offers a comprehensive portfolio of products and services, including Bitcoin Mining and Used Car Export Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Bitcoin mining operations are conducted for digital economy.
Used car export services are provided from China.
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Funding Insights of Cango
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $10.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2026 | Amount | Post-IPO - Cango | Valuation |
investors |
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| Feb, 2026 | Amount | Post-IPO - Cango | Valuation |
investors |
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| Mar, 2018 | Amount | Seed - Cango | Valuation | Haitong International Securities Group , Taihecap Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cango
Cango has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Warburg Pincus and Haitong International Securities Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Boyu Capital is recognized as a leading alternative asset management firm.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Corporate advisory services in international securities are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cango
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cango
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cango Comparisons
Competitors of Cango
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cango
Frequently Asked Questions about Cango
When was Cango founded?
Cango was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is Cango located?
Cango is headquartered in Shanghai, China.
How many employees does Cango have?
As of Dec 31, 2024, the latest employee count at Cango is 217.
What is the annual revenue of Cango?
Annual revenue of Cango is $113.01M as on Dec 31, 2024.
What does Cango do?
Cango Inc. is involved in Bitcoin mining through global operations to support the digital economy with efficient and scalable solutions. Additionally, the company is focused on the export of used cars from China, offering sourcing, logistics, and delivery services. Operations are diversified across technology and automotive sectors, leveraging energy and compute ecosystems for future-ready solutions.
What products or services does Cango offer?
Cango offers Bitcoin Mining and Used Car Export Services.
Is Cango publicly traded?
Yes, Cango is publicly traded on NYSE under the ticker symbol CANG.
Who are Cango's investors?
Cango has 6 investors. Key investors include Tencent, Warburg Pincus, Haitong International Securities Group, Taihe Capital, and Boyu.
What is Cango's ticker symbol?
The ticker symbol of Cango is CANG on NYSE.