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…
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…
Its business in tatters, could Gome be morphing into a commercial property owner?
The struggling retailer’s shares have been suspended since April for failing to file its annual report on time, and it was forced to hire a new auditor after the previous…
No Good Times Here, as Gome Slashes ‘FUN’ E-Commerce Unit
Former retailing giant makes massive cuts at its recently launched service combining online shopping with social networking and entertainment Key Takeaways: Gome is scaling back its e-commerce push that was…
ATRenew Starts the Year Off Strong, Braces for Covid Impact
The smartphone recycler’s revenue rose 45.7% in the first quarter, but it forecast a slowdown in the second due to pandemic-related disruptions before a gradual recovery later in the year…
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…
AiHuiShou Seeks Gold in Growing Heaps of Used Gadgets
IPO-bound recycling specialist could be valued higher than U.S. stalwart eBay on potential for its services business and international expansion Key points: AiHuiShou has strong growth potential due to its…