China Government Promotes Green Economy, And ATRenew Stands Out As A Main Enabler

Mar. 16, 2024 5:53 AM ETATRenew Inc. (RERE) StockRERE1 Comment
Ivy Global Insights
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Summary

  • ATRenew Inc. reported strong Q4 and FY23 performance with revenue of RMB12,965.8 million (+31.4% YoY).
  • The market responded positively with a surge in trading volume and a post-earnings-release increase of +27%.
  • ATRenew's partnerships with Apple and JD's Mobile and Electronics Retail departments are progressing smoothly, driving growth in recycling and trading services.

A large blue container for recycled goods

njgphoto/E+ via Getty Images

ATRenew Inc. (NYSE:RERE) is China's largest pre-owned consumer electronics transaction and services platform. RERE concluded FY23 with revenue of RMB12,965.8 million (+31.4% YoY), marking continued impressive performance over the past three quarters. See my previous articles here,

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The mission of IGI (Ivy Global Insights) is to relentlessly search for growth stocks in the broader technology sector, and provide differentiated investment insights to the SA community.

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