Kerry presents annual review and strategy outlook at ATRenew’s quarterly all-hands meeting
On January 17, ATRenew held an all-hands meeting to provide a recap on recent developments of each business function and offer rewards to employees of the quarter. During this meeting, Kerry Chen, founder and CEO of ATRenew, shared the corporate strategy outlook for 2023 following a review of the challenges and progress made in 2022. There are three strategic goals to strive for in 2023. 1) Build AHS Recycle into the most popular brand in the pre-owned product recycling industry in China and endow the brand with love and warmth. Explore new revenue and profit growth potential by expanding the Company’s offerings into high-value products besides consumer electronics. 2) Continue to invest in automation technology (RERE InnoTech) to drive the development of ATRenew with high efficiency and quality following the automation upgrade in Dongguan operation center, the regional operation facility located in South China, by the end of 2022. 3) Embrace the established urban recyclable sorting and re-marketing business incubated by ATRenew, namely Aifenlei (“爱回收·爱分类”). As Aifenlei’s business model has been verified, it’s rejoining the ecosystem and organizational structure of ATRenew. It is expected that Aifenlei will improve its unit economies at the city level and will prove its value in the aspects of resource conservation and building an inclusive low-carbon society under its innovative “Internet + Recycling” business model.
ATRenew entitled “Annual Brand Influence Enterprise” by CIIC
China Internet Information Center (CIIC) initiated the selection of “2022 CIIC Technology Enterprise Pioneer List”, and selected 40 influential and innovative forerunners through the evaluation of a number of indicators, including value creation, social performance, environmental performance, governance performance and information disclosure. Among them, ATRenew was recognized as an “Influential Brand of the Year”.