ATRenew gears up to take its recycling act global
The company said it has begun exporting Chinese devices, and plans to build up that part of its business over the next two to three years Key Takeaways: ATRenew’s revenue…
INDUSTRY BRIEF: Transsion overtakes Vivo in global smartphone market
Samsung (005930.KS) and Apple (AAPL.US) continued to lead the global smartphone market in the third quarter, as Chinese manufacturers Xiaomi (1810.HK), Transsion (688036.SH) and Vivo rounded out the top five…
ATRenew pumps up revenue, profits on leaner recycling
The company’s revenue grew 32% in the second quarter, its fastest rate in two years, as it stepped up an aggressive expansion of its offline store network Key Takeaways: ATRenew’s…
Stumbling Transsion hopes global investors overlook its fading fortunes
The budget smartphone maker is reportedly considering a Hong Kong IPO to complement its existing listing on Shanghai’s STAR Market Key Takeaways: Shanghai-listed Transsion is reportedly weighing a second IPO…
BRIEF: Coolpad loss widens as hardware margins drop
Cellphone maker Coolpad Group Ltd. (2369.HK) announced on Thursday it expects to report a net loss of HK$245 million ($31.5 million) to HK$265 million for 2024, widening 10% to 20%…
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