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RERE.US Corporate Blog – October 2025
Below is a summary of the recent business development of the Company and the industry headlines in October 2025. Regarding the operational metrics, please refer to the Company’s quarterly earnings release and its filings with the U.S. SEC.
Key highlights
In October, AHS Recycle net added 5 new self-operated standard stores, increasing the offline store delivery density in Wuhan, Suzhou, Shenyang, Xi'an, and Ningbo. During the same period, it net added 8 new franchised standard stores in a number of provinces including Zhejiang, Jiangsu, Hubei, Henan, and Fujian, enhancing the face-to-face fulfillment user experience.
AHS Recycle has partnered with more brand manufacturers' official online stores, including iFlytek Mall and Honor Mall, to enrich the national subsidy and trade-in special subsidy programs for consumers, allowing users to upgrade their old devices at more affordable prices and in a more convenient way.
AHS Recycle supported the Chengdu Marathon by using running to exemplify low-carbon living, encouraging users to participate in environmental recycling and other interactive activities through a "carbon reduction marathon." AHS Recycle also partnered with PioneerCamp and "Guardians of the Mountains" to launch the "National Patrol - Mountain Cleanup Campaign," building a bridge between the city and nature, jointly picking up litter in the mountains, practicing the "Leave No Trace" environmental protection concept, and jointly echoing China's sustainable development goals of "carbon peaking and carbon neutrality."
ATRenew has been shortlisted for the 2025 Earthshot Prize, an award established in 2020 by HRH Prince William and is a highly prestigious and influential global environmental award. ATRenew's green business model and innovative achievements in the recycling industry have been highly recognized by the organizing committee and its founder, Prince William, who invited the company to attend the summit in Rio de Janeiro, Brazil, to join other sustainable development advocates from around the world in making a joint declaration. ATRenew continues to strive to become a globally influential ESG company.
Industry news
Southeast Asia and China, among other emerging markets, continue to be the main drivers of global growth in the used smartphone market
According to the latest research from Counterpoint, mature used device markets such as Europe, the US, and Japan are expected to remain relatively flat in the first half of 2025, with an average annual growth rate of approximately 1%. Market fragmentation, rising costs, and longer replacement cycles are among the factors influencing both the supply and demand sides of the used smartphone market. In contrast, emerging markets such as Africa, India, Southeast Asia, China, and Latin America continue to be active, with an average annual growth rate of approximately 4%, significantly higher than the global average. The Southeast Asian used smartphone market saw a 5% year-on-year growth, primarily driven by its extensive informal distribution network and the steady influx of used devices and components from China.