‘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…
ATRenew chases new growth with refurbishment, new Apple partnership
The recycling specialist said its sales of refurbished products more than doubled in the third quarter, as it ramps up business under its new recycling partnership with Apple Key Takeaways:…
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…
ATRenew steps on efficiency pedal in drive to sustainable profits
The recycling specialist reported a second consecutive quarter of profitability on an adjusted basis in the fourth quarter, and could turn profitable on that basis for the full year in…
ATRenew Grows Outside the Smartphone Box with Luxury Bags, Watches and Liquor
The recycler that spent its first decade in electronics is finding early strong results with its recent expansion into new consumer categoriesKey Takeaways:ATRenew’s sales from non-smartphone categories are showing initial…
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