Trade-in ‘chic’ helps boost ATRenew to first operating profit
The recycling specialist’s revenue rose 24.4% in the third quarter, as it reported profits on both a net and operating basis for the first time Key Takeaways: ATRenew’s revenue rose…
ATRenew posts market-defying growth as partnerships with JD.com, Apple advance
The company’s revenue grew 27% in the second quarter, as it deepened its collaboration to promote recycling with JD.com Key Takeaways: ATRenew posted strong revenue growth in the second quarter…
Sunny Optical’s profit surprise overshadowed by competition concerns
An upside profit alert from the lens supplier to Apple failed to excite investors, who may fear a growing challenge from a Taiwanese rival Key Takeaways: Sunny Optical said it…
ATRenew feeds on national recycling campaign, strong JD.com ties
The company’s revenue rose 27% in the first quarter and it forecast similar growth ahead, as it benefits from a stepped-up Beijing campaign to promote more recycling Key Takeaways: ATRenew…
ATRenew polishes recycling credentials to record first profit
The recycling specialist has been profitable on a non-GAAP basis for the last two years, but made its first GAAP net profit in last year’s fourth quarter Key Takeaways: ATRenew’s…
NEWS WRAP: ATRenew on track to recirculate 32 million electronic devices this year
The recycler expects to generate 13 billion yuan in revenue this year, as its volume could get a lift in 2024 from a new partnership with Apple and movement beyond…
CHINA BULLETIN: More Trade Contraction
In this week’s issue exports keep falling, another new chip fund and China’s answer to Irish coffee. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.