Aihuanwu

ATRenew Group was founded in 2011 and is a leading circular economy enterprise combining 'technology and environmental protection'. The group operates two major business systems: the second-hand product trading and service system, and the urban green industry chain business system. The second-hand product trading and service system under ATRenew includes brands such as 'Aihuanwu, PaiJitang, Paipai, and AHS Device', extending the lifecycle of second-hand products to reduce carbon emissions and environmental pollution in the consumer sector. Meanwhile, ATRenew adopts a C2B2C business model, focusing on building supply chain capabilities, enhancing the standardization and scale of the second-hand industry, and promoting sustainable development. The urban green industry chain business system, 'Aihuanwu·Aifenlei', innovatively creates a closed-loop recycling chain of 'collection + transportation + processing'. As an innovative model of 'Internet + waste sorting', 'Aihuanwu·Aifenlei' adheres to market-oriented operation principles, operating in 38 cities across the country, providing digital and intelligent recyclable waste collection services, with a daily collection volume of 1,200 tons. It not only guides residents to sort waste actively but also effectively achieves waste reduction and resource utilization. ATRenew Group upholds the corporate values of 'technology for environmental protection, business for good', striving to become a benchmark ESG (Environmental, Social, and Governance) enterprise, integrating social responsibility into business practices. On June 18, 2021, ATRenew was listed on the New York Stock Exchange under the ticker symbol RERE, becoming the 'first ESG stock among Chinese concept stocks'. In September 2022, ATRenew was rated as 'low risk' by the internationally authoritative ESG rating agency Morningstar Sustainalytics, with a total score of 17.6/100 (lower score indicates better performance), ranking fourth (4/85) among companies in the global 'online and direct-to-consumer retail' sector. In 2023, ATRenew Group achieved total revenue of 12.97 billion RMB, with a total of 32.3 million second-hand product transactions across all platforms. Beyond its core second-hand 3C recycling business, ATRenew began advancing a 'multi-category' strategy in 2022, adding recycling services for imaging equipment, bags, watches, gold, premium liquor, and footwear and apparel in some stores, to better meet diverse consumer recycling needs. ATRenew continues to drive development through technological innovation, promoting automation in quality inspection capabilities and digitalization of supply chain capabilities. As of the end of 2023, ATRenew has established an efficient and coordinated automated disposal network system, including 8 regional operation centers located in Dongguan, Changzhou, Wuhan, Chengdu, Tianjin, Xi'an, Shenyang, and Hong Kong, China, providing consumers and merchants with more convenient, high-quality, and time-efficient second-hand electronic product trading experiences, while driving the industry towards intelligent, large-scale, and low-carbon operations.