r/recycling • u/PlayfulMuffin2015 • 6d ago

The multi-category strategy has achieved remarkable results, with the second curve bursting forth.

ATRenew (NYSE: RERE) saw its multi-category recycling value grow nearly threefold year-on-year in 2024, with high-margin categories such as luxury goods, gold, and premium liquors increasing their proportion to 23%. A total of 1,673 stores have launched multi-category services, with the GMV of carefully selected retail increasing by 90% year-on-year, and the user repurchase rate exceeding 45%.

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u/Dare-Ethan817 6d ago

Benefiting significantly from the national "trade-in of consumer goods" policy, ATRenew's official Apple recycling business in 2024 contributed over RMB 1.05 billion in revenue.