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Who are we?
Since its inception in 2011, ATRenew has positioned itself as a leader in the “Internet + environmental protection” circular economy. Our four key offerings are AHS Recycle, PJT Marketplace, Paipai Marketplace and AHS Device. Our mission to give a second life to all idle goods reflects our commitment to build an enterprise with ESG embedded in its genes.
Mission
To give a second life to all idle goods
Vision
To transform pre-owned consumer electronics transactions and services globally by leveraging technology
Value Proposition
An open platform driven by supply chain capabilities and technology
Pre-owned consumer electronics transactions and services
According to a CIC report, by the end of 2021, the total number of devices in use for consumer electronics was 2.7 billion units. The overall penetration rate for pre-owned consumer electronics in China reached 4.2%.
We embrace these opportunities in everything we do at ATRenew. Our foundational supply chain capabilities have enabled us to set industry standards and establish the infrastructure for the circular economy of pre-owned consumer electronics in China.
Aggregated & diverse supply
Consumer sources – AHS Recycle
AHS store network, website, and app
Brand and e-commerce partners
Merchant sources
Third-party merchants Electronics retailers
Standardized inspection, grading, and pricing
8 centralized operation centers
36 grading tiers
As of September 30, 2023
Efficient demand fulfillment
Paipai Marketplace offers premium pre-owned devices to consumers
JD.com and Paipai Selection
New distribution channels
PJT Marketplace is a B2B platform for pre-owned consumer electronics
Resellers,mom-and-pop stores,value-added service providers,exporters
Addressing four key challenges over a 10-year period
Lack of reliable and convenient recycling channels
Lack of industry standards for quality inspection and pricing
Lack of trustworthy purchasing channels
Low circulation efficiency due to a lack of automated quality inspection technology
China’s pre-owned consumer electronics industry is enormous and fragmented. Scattered recycling channels, multiple intermediaries and high mark-up have contributed to fraud, weak data security and lack of trust.
AHS Recycle – our C2B recycling and trade-in platform - aggregates supply from multiple consumer sources and accumulates supply chain capabilities, improving convenience and consumer trust.
Convenient access
Trusted brand
Stringent data policy
Given the massive pre-owned consumer electronics market, retailers and , small-to- and medium business owners in China face circulation challenges. A lack of standardization within the system leads to inefficient transactions and fraud.
PJT Marketplace – our B2B trading platform for pre-owned consumer electronics – establishes standardized infrastructure for transactions and services, creating a healthier market environment.
Defines industry standards
Sets rules for transactions
Improves transaction efficiency
Demand for quality and affordable pre-owned devices in China is high. ATRenew leverages its proprietary inspection, grading and pricing technologies, as well as our quality guarantee and warranty, to create trustworthy purchasing channels.
Paipai Marketplace – our B2C retail platform for premium pre-owned consumer products – represents an extension of retail businesses with added premium quality assurance, improving customer trust and engagement.
Premium pre-owned goods
Professional inspection & 1-year warranty
7-day free return
Traditional manual quality inspections are inaccurate, expensive, inefficient, and lack scalability.
Our proprietary technologies – automated inspection technology - reduces these inefficiencies and enables scalability.
Innovative technologiesStandardized inspection, grading and pricing
Matrix 3.0, the upgraded automated technology
Lack of reliable and convenient recycling channels
China’s pre-owned consumer electronics industry is enormous and fragmented. Scattered recycling channels, multiple intermediaries and high mark-up have contributed to fraud, weak data security and lack of trust.
AHS Recycle – our C2B recycling and trade-in platform - aggregates supply from multiple consumer sources and accumulates supply chain capabilities, improving convenience and consumer trust.
Convenient accessTrusted brandStringent data policyLack of industry standards for quality inspection and pricing
Lack of trustworthy purchasing channels
Low circulation efficiency due to a lack of automated quality inspection technology
Our history
In 2022, we explored multi-category recycling business and upgraded automation capabilities.
In 2022, ATRenew accelerated the multi-category strategy since the second quarter of 2022. In addition to the core pre-owned electronic devices recycling business, ATRenew reused the system and capabilities of AHS stores to add new categories, including pre-owned photography and video equipment, luxury bags, watches, gold, high-value wine, footwear and clothing. Meanwhile, we better meet a more diverse demand of users by providing value-added services such as trade-in and further improve stores' unit economics.
That same year, South China (Dongguan) Automation Operation Center, the largest and most advanced operation center of ATRenew, was officially put into use. The center is composed of three systems: automated transporting system, quality inspection system and warehousing system. It innovatively adopts digital management kits and undertakes the tasks of transportation, sorting, quality inspection, storage and delivery.
In 2021, we established our global platform strategy.
In 2020, we completed the open platform integration and rebranded as “ATRenew”.
In 2019, we acquired Paipai Marketplace from JD Group.
In 2017, we began investing in technology and launched PJT Marketplace.
In 2015, we established strategic partnerships.
In 2014, we established our offline presence.
In 2011, we began recycling pre-owned consumer electronics.
Highlights in full year 2022
Net revenues RMB 9.87 billion
+26.9% YoY
Transaction volume 32.0 million
a new record high
AHS Digital Education Fund delivers support to schools in Henan province
In July 2021, schools and students in Henan province suffered from storms and floods. ATRenew established the “AHS Charity & Love · Digital Education Fund” in joint efforts with China Foundation for Poverty Alleviation and donated RMB5.05 million. In September, ATRenew delivered electronic teaching equipment in an orderly manner to replace the damaged equipment.
AHS Digital Education Program for children in rural areas
AHS continues to donate selected pre-owned consumer electronic devices to children in mountain villages, in order to support online education with high-quality resources that breakthrough geographical restrictions. As of December 31, 2022, AHS Digital Education Program funded a total of 56 schools, where 2,068-hour sessions accumulatively were given to 10,770 students.
Responses and donations to fight against the COVID-19 outbreak
At the beginning of the COVID-19 pandemic outbreak in China in 2020, ATRenew took immediate action to establish the anti-pandemic working group. ATRenew promptly purchased materials that were under short supply and shipped them to a newly-built hospital in Daye City, the Second People's Hospital and the Jinniu Hospital in Jinniu Town of Hubei Province. In total, ATRenew donated 120,000 disposable medical masks, 2,000 barrels of 84 disinfectants, 15 boxes of medical gloves, 200 pairs of protective goggles, 1,000 disposable quarantine gowns, and 40,000 N95 facial masks.
AHS Charity & Love’s partnership with the Palace Museum
In collaboration with the Beijing Palace Museum, ATRenew enlivened cultural relics of the Forbidden City by reproducing them into animations, to present historical stories and Chinese traditional culture to children in mountain villages. These animations bridge the gap for the children to vividly learn about Chinese history and cultural inheritance.
ESG