ATRenew steps on efficiency pedal in drive to sustainable profits
The recycling specialist reported a second consecutive quarter of profitability on an adjusted basis in the fourth quarter, and could turn profitable on that basis for the full year in…
RERE.US
After rolling out its new business model, Cango shifts into new phase
The company launched its U-Car used car trading app at the start of this year, representing the last major piece in its transformation from auto financier to car trader Key…
CANG.US
Uxin Opens Upgraded Superstore in Race to Prove New Business Model
The company delivered strong revenue and retail transaction growth in the third quarter despite pandemic disruptions, but cash flow continues to be an issueKey Takeaways:Uxin’s revenue rose 78.9% in the…
Cango’s Car-Trading Platform Racks Up Users, But Investors Want Profits
Company’s newly launched U-Car platform becomes one of the final pieces in its new business model providing a wide range of online car-trading servicesKey Takeaways:Cango’s revenue fell sharply in the…
ATRenew Grows Outside the Smartphone Box with Luxury Bags, Watches and Liquor
The recycler that spent its first decade in electronics is finding early strong results with its recent expansion into new consumer categoriesKey Takeaways:ATRenew’s sales from non-smartphone categories are showing initial…
Uxin Revs Up Online Used Car Retailing Model, Buys Time with Financial Maneuvers
Company posted strong revenue and transaction growth in the three months through June for its retail business buying, reconditioning and selling used cars online directly to consumers Key Takeaways: Uxin’s…
ATRenew Sees Better Times Ahead in Evolving Role as ‘Recycler for All Seasons’
Smartphone recycler’s revenue growth slowed sharply to 15% in second quarter, but it forecast the rate would double in the current quarter as Covid disruptions fade Key Takeaways: ATRenew forecast…
