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…
BRIEF: ShanH Hong Kong IPO approved by China securities regulator
The China Securities Regulatory Commission (CSRC) gave the green light for a Hong Kong listing by ShanH Technology Ltd. by registering the electronics recycler’s application on its website on Tuesday.…
ATRenew’s latest ESG report shows improving carbon emissions, gender diversity
The recycling specialist showcased a continued reduction in greenhouse gas emissions intensity and its progress in other corporate responsibility efforts in its fourth annual ESG report Key Takeaways: ATRenew’s greenhouse…
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…
‘Perfect Storm’ of factors fuels rise in smartphone recycling
Government initiatives and industry focus on environmental responsibility and standardization are boosting used smartphone sales, even as new product sales flatten By Kerry Xuefeng Chen A confluence of factors…
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…
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