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RERE - ATRenew Sees Better Times Ahead In Evolving Role As 'Recycler For All Seasons'
AiHuiShou International Co. Ltd. American Depositary Shares (every three of which representing two Class A)
Summary
ATRenew forecast 30% year-on-year revenue growth in the current quarter, as its business starts to rebound from a sharp slowdown caused by China’s strict Covid control measures.
Company detailed promising early results for its move into luxury goods and photography equipment recycling, and unveiled its first move abroad with a Japanese tie-up.
At the end of the day, ATRenew still looks a bit like a diamond in the rough, at least based on its latest valuation.