Cango to Sell PRC Business for $351.9M: A Strategic Move in the Market
Cango Inc., a notable player in China’s automotive industry, is shifting gears by selling its business for $352 million and diving into cryptocurrency. The buyer, Ursalpha Digital Ltd., will pay an initial amount of about $210.6 million, with the rest disbursed in quarterly installments tied to specific financial conditions. This decision follows a proposal from ...
