‘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:…
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…
ATRenew takes solid steps to fuse ESG into its recycling business
The company continued to reduce the intensity of its carbon emissions last year, a key area at the heart of its ‘circular economy’ business model Key Takeaways: ATRenew’s greenhouse gas…
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…
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