ATRenew Inc.

The company is a leading pre-owned consumer electronics transaction and service platform in China. Founded in 2011, it initially focused on sourcing electronic devices through AHS Recycle, an online and offline offering for recycle and trade-in services in China. In late 2017, the company evolved into an integrated platform with the addition of PJT Marketplace, China's leading B2B marketplace for trading electronic products and services. In 2019, it further extended capabilities to retail consumers by acquiring Paipai Marketplace from JD Group, which is a retail marketplace for pre-owned products of certified quality. The company has been increasing its international presence starting from 2019. Its platform digitally integrates every step of the value chain, obtaining supply, processing devices for resale using proprietary inspection, grading, and pricing technologies in operation centers, and distributing processed devices to purchasers. The company transacts with consumers and small merchants on both the supply and demand sides of the value chain, leveraging an online and offline presence. It created the first inspection, grading, and pricing processes that helped standardize the pre-owned consumer electronics industry.