ATRenew Sees Better Times Ahead in Evolving Role as ‘Recycler for All Seasons’

Smartphone recycler’s revenue growth slowed sharply to 15% in second quarter, but it forecast the rate would double in the current quarter as Covid disruptions fade Key Takeaways: ATRenew forecast 30% year-on-year revenue growth in the current quarter, as its business starts to rebound from a sharp slowdown caused by China’s strict Covid control measures Company detailed promising early results for its move into luxury goods and photography equipment recycling, and unveiled its first move abroad with a Japanese tie-up By Doug Young Smartphone recycler ATRenew Inc. (RERE.US) is dipping…

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Consumer Sector Investor Tian Tu Capital Eyes Hong Kong IPO

Tian Tu Capital files for a Hong Kong listing under the shadow of a sluggish Chinese retail market Key Takeaways: Tian Tu Capital, which invests in consumer businesses such as food and drink brands, reportedly aims to raise $500 million on the Hong Kong Stock Exchange However, economic turbulence from the Covid pandemic has buffeted the company, sending profits from continuing operations tumbling nearly 40% last year By Ken Lo With storm clouds hanging over China’s retail landscape, would it make economic sense to invest in a financial company whose…

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ATRenew ESG Report Shows Progress, But Still Work to Be Done

Smartphone recycler discloses more details about carbon emissions, steps to improve its governance in its second environmental, social and governance report Key Takeaways: ATRenew’s greenhouse emissions increased substantially last year due to expansion of the scope of reviews Company’s second ESG report also disclosed more details about new activities to improve governance, such as anti-corruption checks Company also introduced the framework of the Task Force on Climate-related Financial Disclosure for the first time while developing a methodology to measure its contribution to reductions in greenhouse gas emissions By Warren Yang…

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Burning Rock Localizes as Investors Grow Impatient

Cancer testing company reported a widening loss in the first quarter as it spent heavily to build up its localized business model of providing services through partner hospitals Key Takeaways: Burning Rock’s revenue grew 27% in the first quarter, but its costs grew even faster as it focused on building up new revenue sources Company’s older centralized testing services contracted in the quarter due to Covid disruptions, but its newer localized service with partner hospitals posted strong growth  By Doug Young Patience is an increasingly rare commodity among U.S. investors…

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ATRenew Digs Closer to Profits With City-Level Recycling Drive

Company posted its first quarterly non-GAAP operating profits since going public, but its shares still fell amid broader investor concerns about U.S.-listed Chinese stocks Key Takeaways: ATRenew reported its revenue rose 48.2% in last year’s fourth quarter, as it posted its first quarterly non-GAAP operating profit since listing in the U.S. last year Company is boosting efficiency by doing more recycling at the city level, with a pilot localization program begun in two cities early last year now expanded to 22 cities By Doug Young Electronics recycling specialist ATRenew (RERE.US)…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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With Profitability in Sight, Smartphone Recycler ATRenew Goes Local

Company targets tripling of gross merchandise volume over the next four years as it aggressively expands a new city-based recycling model Recycling specialist ATRenew is aiming for more than 100 billion yuan in GMV by 2025, roughly tripling from this year’s level Company said it expects to become profitable on a non-GAAP basis next year By Doug Young Hold on to your hats. Electronics recycling specialist ATRenew Inc. (RERE.US), until recently known as AiHuiShou, is telling the world it’s aiming to sharply boost the gross merchandise value (GMV) of used…

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21Vianet Looks for New Chapter With Name Change

Shareholders approve VNET Group as company’s new name, marking latest adjustment in year of change for data center laggard Key takeaways 21Vianet’s shareholders have approved changing its name to VNET Group Move marks the latest change for the company, following arrival of new CFO in April and recent departure of its COO By Doug Young With all the turbulence in U.S.-China relations, 2021 could well go down as the year of the name change for U.S.-listed Chinese companies. Data center stalwart 21Vianet Group Inc. (VNET.US) has become the latest Chinese…

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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 quarter while continuing to operate in the red Company simultaneously released first ESG report highlighting its role in helping China to achieve its carbon-reduction goals By Doug Young Sometimes your best asset isn’t in your financial statements. That seems to be the message coming from electronics recycling specialist AiHuiShou International Co. Ltd. (RERE.US), which has just conveniently released its first…

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Surging Online Grocer Dingdong in Focus After Missfresh’s Stale Trading Debut

Missfresh’s shares drop 26% on their first trading day, as shares of larger rival Dingdong get set to debut this week Key points: Online grocer Missfresh’s weak trading debut could reflect investor concerns about its slowing growth and loss of its No. 1 status A similarly weak debut this week for leader Dingdong could show market sentiment is cooling towards Chinese tech firms By Doug Young When it comes to just about any company in China, investors seem to like growth over almost all else – even if that growth…

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