All Things Renew
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
Mission
To give a second life to all idle goods
Vision
Vision
To transform pre-owned consumer electronics transactions and services globally by leveraging technology
Value Proposition
Value Proposition
An open platform driven by supply chain capabilities and technology
Pre-owned consumer electronics transactions and services
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According to a CIC Report, the annual shipment volume of new devices in China reached 537 million in 2020, while 2.6 billion consumer electronic devices currently in circulation still have use value. In addition, market penetration is just 3.7% projected to rise to 9.4% by 2025.
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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
7 centralized operation centers
67 city-level operation stations
3-days average processing time
40 grading tiers
As of September 30, 2021
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.
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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
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Lack of reliable and convenient recycling channels
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.
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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
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Lack of industry standards for quality inspection and pricing
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.
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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
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Lack of trustworthy purchasing channels
Traditional manual quality inspections are inaccurate, expensive, inefficient, and lack scalability.
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Our proprietary technologies – automated inspection technology - reduces these inefficiencies and enables scalability.
Innovative technologies
Standardized inspection, grading and pricing
Matrix 2.0, the upgraded automated technology
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Low circulation efficiency due to a lack of automated quality inspection 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.
logo
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
Learn more
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
Our history
In 2021, ATRenew established its global platform strategy.
In 2021, we set technological capability and product output as the core of our global platform strategy.
AHS Device connects us with global mainstream markets of pre-owned consumer electronics. Furthering our reach, AHS Device invested in Trocafone, the largest mobile phone recycling company in South America.
In 2021, ATRenew  established its  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 2020
GMV RMB 19.6billion
+60.7% YoY
Net revenues RMB 4.9billion
+23.6% YoY
Transaction volume 23.6 million
+48.4% YoY
AHS Digital Education Fund delivers support to schools in Henan province
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.
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AHS Digital Education Fund delivers support to schools in Henan province
AHS Digital Education Program for children in rural areas
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, 2020, AHS Digital Education Program funded a total of 12 schools, where 936 sessions – equivalent to 640 hours – were given to 1,560 students.
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AHS Digital Education Program for children in rural areas
Responses and donations to fight against the COVID-19 outbreak
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.
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Responses and donations to fight against the COVID-19 outbreak
AHS Charity & Love’s partnership with the Palace Museum
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.
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AHS Charity & Love’s partnership with the Palace Museum