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…
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…
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…
Recent Articles
RELATED ARTICLES
-
ATRenew launches major store expansion to raise service accessibility, company profile
- ECARX reports its first profit, expects added revenue from Volkswagen tie-up
- Niu Technologies gets charge from China’s consumer trade-in program
- Jiayin cashes in on China’s efforts to boost consumer spending
- DPC Dash serves up banner 2024 topped with milestones
