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) reported strong Q3 2021 results, with net revenues up 48% to RMB1,962.3 million (US$304.5 million), driven by a 56.6% increase in Gross Merchandise Volume (GMV) to RMB8.3 billion. However, the company experienced a loss from operations of RMB150.5 million (US$23.4 million), worsening from RMB84.7 million in Q3 2020. Adjusted net loss was RMB22.5 million (US$3.5 million). The company expects Q4 revenues between RMB2,300 million and RMB2,350 million. ATRenew aims to enhance operational efficiency and contribute to China's circular economy goals.
On November 15, 2021, ATRenew Inc. (NYSE: RERE), formerly AiHuiShou International Co. Ltd., announced its name change to strengthen brand recognition. This decision was approved by shareholders and is effective immediately. Additionally, ATRenew launched its new official website and investor relations portal, which aim to enhance global market presence. The company continues to lead in pre-owned consumer electronics transactions in China, driven by technology and an eco-friendly mission since its founding in 2011.
AiHuiShou International Co. Ltd. (NYSE: RERE) participated in the fourth China International Import Expo on November 6, 2021, where CEO Kerry Xuefeng Chen discussed the company's role in promoting the circular economy. The event, hosted by Deloitte, emphasized the importance of climate action for economic sustainability. ATRenew focuses on extending the life cycles of pre-owned consumer electronics, aligning with China's dual-carbon targets. The company improves the recycling process while ensuring user data privacy through technology. ATRenew aims to engage stakeholders to foster responsible and resilient business practices.
AiHuiShou International Co. Ltd. (NYSE: RERE) announced plans to release its unaudited financial results for Q3 2021 on November 18, 2021, prior to U.S. market open. The management will conduct an earnings conference call at 7:00 A.M. ET to discuss these results. Founded in 2011, ATRenew operates a leading platform for pre-owned electronics in China, focusing on environmental sustainability through recycling and trade-in services. The company aims to set high standards in the industry using its proprietary technologies. For more details, visit their investor relations website.
AiHuiShou International Co. Ltd. (NYSE: RERE) has received high commendation from the Treasury Today Group's Adam Smith Awards Asia 2021 for 'Best in Class Treasury Solution' in the PRC category. This recognition highlights ATRenew's advancements in corporate treasury functions, including digital account management and supply chain finance, enhancing treasury efficiency and risk management. CEO Rex Chen emphasized ongoing investments in treasury team development to enhance stakeholder service.
SHANGHAI, Sept. 30, 2021 /PRNewswire/ -- AiHuiShou International Co. Ltd. (NYSE: RERE) has announced an extraordinary general meeting (EGM) scheduled for November 15, 2021, at 10:00 a.m. Beijing time. The meeting will address a proposal to change the company name to "ATRenew Inc." Shareholders of record as of October 8, 2021, are entitled to vote. ATRenew, established in 2011, operates a leading platform for pre-owned consumer electronics in China, focusing on sustainability and recycling through its innovative services.
AiHuiShou International Co. Ltd. (NYSE: RERE) participated in the 2021 China Investor Future Summit, where CEO Kerry Chen discussed the company’s commitment to social responsibility and environmental sustainability. The discussion focused on China's 'dual carbon' goals and the growth of a circular economy, which ATRenew is well-positioned to support. The demand for pre-owned consumer goods, particularly electronics, is rising in China. The company aims to extend the lifecycle of these products while enhancing its ESG integration for long-term stability and value creation.
On September 16, 2021, ATRenew (NYSE: RERE) presented at the CITIC CLSA Flagship Investors' Forum, outlining the growth potential in the pre-owned consumer electronics market in China. CEO Kerry Chen highlighted the need for sustainable practices to manage electronic waste, citing over 2.6 billion devices circulating in the country. ATRenew's integrated approach utilizes C2B, B2B, and B2C models, focusing on recycling and extending product lifecycles. The company emphasizes ESG accountability, recently publishing its first ESG report on August 17, 2021, enhancing brand recognition and sustainability efforts.
AiHuiShou International Co. Ltd. (NYSE: RERE) reported a56.2% increase in total net revenues for Q2 2021, reaching RMB1,867.7 million (US$289.3 million) compared to RMB1,195.8 million in Q2 2020. Despite this growth, the company faced aloss from operations of RMB507.3 million (US$78.6 million), significantly higher than RMB116.0 million in the prior year. Gross Merchandise Volume (GMV) rose69.6% to RMB7.8 billion, driven by online marketplace transactions.
The company expects Q3 2021 revenues between RMB1,870.0 million and RMB1,930.0 million.
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