ATRenew’s proprietary technology gives new life to idle goods

Over the last few years, there has been a growing appetite among consumers for pre-owned consumer electronic goods, and thus we’ve witnessed the rise of several secondhand goods platforms emerging and pushing forward the rapid expansion of the circular economy.

A report by Persistent Market Research highlights that the global refurbished consumer electronics market is projected to increase from US$49.9 bil in 2020 to US$143.8 bil by 2031, expanding at a CAGR of 10.2% during the same period, owing to the growing need for refurbished mobile phones across regions, through various online/ offline sales platforms.

Amongst those platforms is ATRenew Inc. a leading technology-driven pre-owned consumer electronics transactions and services platform that has caught widespread attention from both the public and investors.

This Shanghai-based company is known for its ESG-driven business approach, where it proactively pushes to further the country’s goals to reduce carbon emission and environmental pollution by extending the life cycle of electronic products, through promoting standardization of the pre-owned consumer industry and driving the growth of a new type of real economy for compliant recycling and trade-ins of pre-owned consumer electronics.

Here to tell us more about the market demand for second-hand electronic goods, how technology has made it easier to renew the life of electronics and the role of tech in making the circular economy a reality is Jeremy Ji, Chief Strategy Officer from ATRenew.

During the show, Jeremy shared further insights into

ATRenew and what the company aims to achieve
The company’s business model and how its online platforms and offline partnerships fit into its entire ecosystem
The technology behind ATRenew- from automating its operation system to quality inspection, sorting and storing of its products
Why trust is key for ATRenew
The rise in market demand for second-hand electronics globally 12.35 min – 13.32 mins
Is your supply chain extending only to selling to a master distributor perhaps those markets or perhaps even moving forward? Are you thinking of operating in those markets?
Key trends for 2022 and 2023. (18.05 min – min)