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.
For further details see:
ATRenew Sees Better Times Ahead In Evolving Role As 'Recycler For All Seasons'