Welcome to our dedicated page for ATRENEW news (Ticker: RERE), a resource for investors and traders seeking the latest updates and insights on ATRENEW stock.
ATRenew Inc (RERE) operates China's leading technology platform for pre-owned electronics recycling and trade-in services. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and sustainability initiatives driving the circular economy.
Access timely announcements including quarterly earnings, strategic partnerships with retailers like JD.com, and technological advancements in device refurbishment. Our curated collection features press releases about supply chain expansions, quality control innovations, and market penetration metrics – all critical for understanding this growing sector.
Bookmark this page for structured updates on ATRenew's operational milestones, including new recycling channel launches and sustainability reports. Regular visitors gain insights into how the company's AI-driven pricing models and nationwide logistics network position it in China's $65B+ secondhand electronics market.
ATRenew Inc. (NYSE: RERE) announced uninterrupted services during the 2023 Chinese New Year, from January 21 to January 27. Their core businesses, including AHS Recycle and Paipai Marketplace, will adjust operating hours to align with shopping mall schedules, ensuring seamless recycling services for consumers. Users will continue to benefit from a 10-day price match pledge on orders during this period. The company is also expanding services to include luxury goods and diamonds. Kerry Chen, CEO of ATRenew, emphasized the importance of meeting consumer demand for recycling during the festive season.
ATRenew Inc. (NYSE: RERE) has announced an extension of its existing share repurchase program for another 12 months starting December 28, 2022. The board approved a total repurchase amount of US$100 million, of which US$33 million has been repurchased to date. This leaves a remaining US$67 million for future buybacks. The company plans to finance these repurchases using its existing cash balance. This strategic move aims to enhance shareholder value while continuing its operations in the pre-owned consumer electronics market.
ATRenew Inc. (NYSE: RERE) reported a 29.2% increase in total net revenues for Q3 2022, reaching RMB2,536 million (US$356.5 million), driven by a 33.7% rise in product revenues. The company narrowed its operational losses to RMB110 million from RMB150.5 million a year earlier. Adjusted income from operations was RMB10.8 million (US$1.5 million), signaling improvement. Cash and cash equivalents rose to RMB2,672.7 million (US$375.7 million). The guidance for Q4 2022 indicates total revenues between RMB2,930 million and RMB3,030 million.
ATRenew Inc. (NYSE: RERE) is set to release its unaudited financial results for Q3 2022 on November 22, 2022, ahead of the U.S. market opening. A conference call will follow at 7:00 A.M. EST to discuss the results, with dial-in options provided for international and domestic participants. ATRenew operates a leading pre-owned consumer electronics platform in China, focusing on sustainability and recycling since 2011. The company aims to enhance its brand recognition and service offerings within the growing market for used electronics.
ATRenew Inc. (NYSE: RERE) announced the appointment of Lijun Xin and Yanzhong Yao as new directors on September 30, 2022, following the resignations of Lei Xu and Wei Tang. Lijun Xin will also join the compensation committee. Xin has extensive experience at JD.com, having led the integration of online retail and established JD Health. Yanzhong Yao, also from JD.com, holds various executive roles in the company. ATRenew's board now consists of eight members, aiming to enhance partnerships and improve consumer electronics trade-in solutions in China.
ATRenew Inc. (NYSE: RERE) reported a 14.9% increase in total net revenues, reaching RMB2,145.7 million (US$320.3 million) for Q2 2022. Operating losses narrowed to RMB168.2 million (US$25.1 million), a decrease of 66.8% compared to Q2 2021. The company noted a 10.3% rise in total Gross Merchandise Volume (GMV) to RMB8.6 billion, while the number of consumer products transacted remained stable at 7.8 million. With cash reserves of RMB2,594.1 million, ATRenew expects Q3 revenues of RMB2,500-2,550 million.
ATRenew Inc. (NYSE: RERE), a leading pre-owned consumer electronics platform in China, announced its participation in several investor conferences in August and September 2022. Key events include the Credit Suisse 10th China Internet Conference on August 31, the 3rd Annual Jefferies Asia Forum on September 7-8, and the 29th Annual CITIC CLSA Flagship Investors' Forum on September 13-14. ATRenew's management will host virtual meetings to discuss recent financial highlights and answer investor questions. The company focuses on promoting sustainable electronics through trade-in and recycling services.
ATRenew Inc. (NYSE: RERE) plans to release its unaudited financial results for Q2 2022 before the U.S. market opens on August 24, 2022. A conference call will be held at 08:00 A.M. Eastern Time detailing the results. ATRenew focuses on pre-owned consumer electronics in China, aiming to enhance sustainability through its services. The press release also includes access numbers for the call, information on the replay, and notes on ATRenew's business model, which integrates C2B, B2B, and B2C capabilities.
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