No Good Times Here, as Gome Slashes ‘FUN’ E-Commerce Unit
Former retailing giant makes massive cuts at its recently launched service combining online shopping with social networking and entertainment Key Takeaways: Gome is scaling back its e-commerce push that was…
ATRenew Starts the Year Off Strong, Braces for Covid Impact
The smartphone recycler’s revenue rose 45.7% in the first quarter, but it forecast a slowdown in the second due to pandemic-related disruptions before a gradual recovery later in the year…
AiHuiShou’s Q2 Revenue Rises 56%, Fueled by Growing Electronics Recycling Network
Company releases first ESG report alongside its maiden earnings, aiming to spotlight its role in achieving China’s carbon-reduction goals Key points: AiHuiShou posts 56% revenue growth in its latest reporting…
AiHuiShou Seeks Gold in Growing Heaps of Used Gadgets
IPO-bound recycling specialist could be valued higher than U.S. stalwart eBay on potential for its services business and international expansion Key points: AiHuiShou has strong growth potential due to its…
