ATRenew Inc. reports news as a China-based technology-driven recycling and trade-in platform for consumer products and pre-owned consumer electronics. The company’s open platform integrates C2B, B2B and B2C capabilities across online and offline services, including marketplace activity tied to PJT Marketplace and Paipai Marketplace.
Recurring updates cover unaudited quarterly and annual financial results, product and service revenue trends, consumer products transacted, cash dividends, annual Form 20-F reporting, board and committee changes, and commentary on circular-economy practices in the pre-owned electronics value chain.
AiHuiShou International Co. Ltd. (NYSE: RERE) will release its unaudited financial results for Q2 2021 before the U.S. market opens on August 17, 2021. An earnings conference call is scheduled for 8:00 A.M. ET on the same day, where management will discuss the results. Interested parties can access the call via designated numbers and through the company's investor relations website. Founded in 2011 and headquartered in Shanghai, ATRenew focuses on pre-owned consumer electronics transactions and sustainability.
AiHuiShou International Co. Ltd. (RERE) has responded to China's 14th Five-Year Plan for Circular Economy Development, emphasizing its commitment to recycling and the sustainable management of pre-owned consumer electronics. The Company donated over RMB0.6 million worth of iPads to rural schools, aiming to support education. ATRenew plans to enhance its services in the circular economy market, which is projected to grow at a CAGR of 23.7%, reaching 545.8 million units by 2025. The Company integrates C2B, B2B, and B2C capabilities to improve efficiency and set new industry standards.
AiHuiShou International Co. Ltd. has priced its initial public offering (IPO) of 16,233,000 American Depositary Shares (ADSs) at $14.00 each, totaling approximately $227 million. The ADSs will start trading on the New York Stock Exchange under the symbol 'RERE' on June 18, 2021. The offering is set to close around June 22, 2021, pending customary conditions. The underwriters have an option to purchase an additional 2,434,950 ADSs at the same price within 30 days. Goldman Sachs, BofA Securities, and China Renaissance are the joint bookrunners for this IPO.