r/recycling • u/pinkystitch05 • 2d ago

Trading second-hand goods has become a trend.

Traditionally, the trade of second-hand goods has been a symbol of frugality or financial constraint. However, as Chinese consumers become increasingly cautious, this mode of consumption is gradually becoming a new trend, especially when second-hand goods can be used to offset the price of new products.

This consumption pattern has become an increasingly important growth engine for the recycling expert ATRenew (NYSE: RERE). The company's recently released latest quarterly results show that its revenue maintains a strong double-digit growth, which is particularly commendable in a context where growth in other consumer areas is slowing down.

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u/Gabbygb90930 2d ago

With the enhancement of scale and professional level, ATRenew has expanded from electronic product recycling to other areas such as luxury goods, gold, and fine wines, while also continuing to solidify high-profit businesses.