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Christine_007
Transacting 11.6 million devices in a single quarter shows just how dominant $RERE's reverse-logistics moat has become. When you control thousands of physical collection points, growth takes care of itself.
RERE ATRenew Inc
$4.01
$0.11
(2.82%)
Closed $4.01
$0.02
(0.50%)
After Hours
EarningsNov 19
Mkt Cap$528.18M
Vol520,189.00
About RERE
ATRenew Inc. is a consumer-oriented single service provider focused on sourcing electronic devices. It operates and manages a platform for pre-owned consumer electronics transactions and services. Its platform standardized and digitalized the mobile phone market by creating inspection, grading, and pricing processes. It procures its supply of pre-owned consumer electronics; processes devices for resale using proprietary inspection, grading, and pricing; and distributes processed devices to a variety of purchasers. It transacts with consumers and small merchants at both the supply and demand sides. The company was founded by Xue Feng Chen in 2011 and is headquartered in Shanghai, China.
Fundamentals
34
Bearish Sentiment
How do you feel about RERE?
Christine_007
Most people associate $RERE with used smartphones, but its business has a broader reach. During China's 618 shopping promotion, the company's luxury recycling service revenue reportedly increased 77.3%. It makes me curious whether luxury goods could become a more meaningful growth category over time.
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