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.
ATRenew sees big potential in new Apple partnership
The company said its inclusion in the iPhone maker’s recycling program could eventually add as much as 1.5 billion yuan annually to its top-line revenue Key Takeaways: ATRenew’s revenue grew…
FAST NEWS: ATRenew partners with Apple for iPhone recycling in China
The Latest: Apple (APPL.US) added AHS Recycle, one of the core brands of ATRenew Inc. (RERE.US), as a new third-party partner for its iPhone trade-in program in China, according to…
Smartphone trade-ups lift ATRenew as spending resumes in China
The recycling specialist’s revenue growth accelerated to 30% in the first quarter, as offline consumer activity rebounded Key Takeaways: ATRenew’s revenue grew 30% in the first quarter, as it reported…
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