ATRenew Inc. American Depositary Shares (every three of which representing two (RERE)
3.1700
-0.1900 (-5.65%)
Aihuishou International Ltd is a company that specializes in the recycling and refurbishment of electronic devices, focusing particularly on smartphones and other consumer electronics
The company operates a network of retail and online platforms, providing consumers with convenient options to sell their used devices while promoting sustainable practices. Through its innovative solutions, Aihuishou aims to reduce electronic waste by extending the lifecycle of devices and offering cost-effective alternatives for customers seeking refurbished products. The company is positioned within the growing recycling industry, addressing both environmental concerns and the increasing demand for affordable electronics.
Key Takeaways: ATRenew posted strong revenue growth in the second quarter and predicted similar trends in the third, as it banks on rising demand from value-conscious consumers The recycling specialist is placing greater emphasis on its higher-margin businesses, which it is pursuing partly through growing ties with partners Apple and JD.com
Key Takeaways: ATRenew’s greenhouse gas emission intensity continued to decline in 2023, as it also took steps to further reduce other forms of pollution from its operations The company’s latest ESG report shows it’s proactively boosting its disclosures as future mandatory requirements look increasingly likely
Key Takeaways: ATRenew posted strong first-quarter revenue growth and predicted similar gains in the second quarter as China steps up a recent recycling campaign The company’s stock has more than doubled from an early February low, part of a broader recent rally for U.S.-listed Chinese companies By Doug Young
ATRenew came under some pressure even after the company Monday reported a revenue beat for its first quarter; the stock climbed more than 74% over the past month.
