RERE.US Corporate Blog – May 2025

In May, AHS Recycle strengthened its service coverage by opening 25 self-operated stores in key cities, including Shanghai, Beijing, Guangzhou, and Jinan. Simultaneously, it launched 28 franchised stores across Jiangsu, Zhejiang, Guangdong, Hubei, Henan, Hebei, Anhui, and Jilin provinces. This expansion in user touchpoints systematically increases nationwide service accessibility.

ATRenew released its 1Q25 financial results, demonstrating an efficient trade-in supply chain capability that boosts consumption. The company reported that its quarterly revenue exceeded RMB 4.65 billion, a 27.5% year-over-year increase, surpassing the high end of its guidance. Product revenue from its 1P business grew 28.8% YoY, driven by industry-leading fulfillment capabilities and rapid growth in retail revenue. Notably, AHS Recycle, in partnership with JD.com, delivered a best-in-class trade-in user experience, strongly supporting the national subsidy policy aimed at stimulating consumption. Service revenue rose 14.2% YoY, with multi-category recycling service revenue nearly doubling. This performance validates the diversified service capabilities of the AHS Recycle brand and its offline stores.