ATRenew profits from preference for trade-ins, used electronics as memory prices soar
The recycling specialist’s revenue grew 32.4% in the second quarter, easily beating its earlier guidance, as its core product sales rose nearly 36% Key Takeaways: ATRenew’s revenue rose 32.4% in…
ATRenew launches globalization with B2B marketplace, consumer brand, and Hong Kong store
Recycler ATRenew Inc. (RERE.US) on Tuesday opened its first store in Hong Kong and launched FoneSquare, a global B2B marketplace, and B2C consumer-facing “ReRe” brand, taking its first steps outside…
Apple supplier Luxshare launches $3 billion Hong Kong IPO
Electronics manufacturing giant Luxshare Precision Industry Co. Ltd. (2475.HK; 002475.SZ) launched its Hong Kong IPO on Tuesday, with subscriptions open through next Monday. The company is offering 383 million Hong…
Anker swims beyond its signature chargers with ‘shallow sea’ approach
Known globally for its power banks, the company wants to be valued as a multi-category hardware maker as it files for a Hong Kong IPO Key Takeaways: Anker Innovations has…
ATRenew revenue growth accelerates as it notches record profit
The company recorded its fastest revenue growth in nearly three years in the first quarter, as it stepped up a campaign to sell more of its recycled products directly to…
BRIEF: JD.com explores bid for Britain’s The Very Group
E-commerce giant JD.com Inc. (JD.US; 9618.HK) is exploring a bid to acquire British peer The Very Group for about 2 billion pounds ($2.7 billion) from private equity giant Carlyle, its…
BRIEF: Huaqin posts solid first-quarter growth as diversification accelerates
Electronics manufacturer Huaqin Co. Ltd. (3296.HK; 603296.SH) reported double-digit first-quarter growth on Thursday, in its first financial results since its Hong Kong listing last week. The company said its revenue…
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