Cango's Crypto Makeover Gains Momentum With China Exit
The move could pave the way for the former car trader to relocate its headquarters outside the Chinese Mainland, with Singapore, Hong Kong and the U.S. as possible destinationsKey Takeaways:Cango announced it completed the sale of its China business, including its car-trading and financing services in a deal valued at $352 millionThe company also announced a major overhaul of its board, bringing in new members with financial expertise, reflecting its new focus on bitcoin miningWhere is recently minted bitco ...