SHANGHAI, March 31, 2025 — ATRenew Inc. (NYSE: RERE), a premier tech-driven platform in China for pre-owned consumer electronics transactions and related services, has announced the opening of its Paijitang flagship store in Shenzhen. Situated in Huaqiangbei, a leading electronics trading center in the country, the store showcases around 10,000 professionally assessed smartphones, establishing a new standard for transparency in the used electronics market.
ATRenew’s Paijitang B2B platform delivers streamlined and standardized transaction services to over 850,000 small and medium-sized enterprises across China. The introduction of the physical store strengthens the platform’s integrated online-to-offline model, encouraging industry standardization and growth.
According to Mr. Kerry Xuefeng Chen, Founder, Chairman, and CEO of ATRenew, the Paijitang flagship store functions as a front-end distribution hub, utilizing a ‘warehouse-to-retail model.’ This allows buyers to view inventory, examine devices, and finalize purchases on-site, helping businesses lower inventory expenses and shorten logistical delays by three to five days. He added that by providing a compliant and effective sourcing solution, they are dedicated to supporting the sustainable and long-term advancement of the pre-owned electronics sector.
About ATRenew Inc.
Based in Shanghai, ATRenew Inc. manages a prominent technology-driven platform for pre-owned consumer electronics transactions and services in China, operating under the ATRenew brand. Since its founding in 2011, ATRenew’s mission has been to revitalize idle goods, addressing the environmental concerns associated with pre-owned consumer electronics through recycling and trade-in services, and distributing devices to extend their useful life. ATRenew’s open platform integrates C2B, B2B, and B2C capabilities to enhance its online and offline services. Through complete value chain coverage and specialized inspection, grading, and pricing technologies, ATRenew is setting benchmarks for the pre-owned consumer electronics sector in China. ATRenew participates in the United Nations Global Compact, adhering to its principles for responsible business conduct.
Safe Harbor Statement
This press release includes statements that may be considered “forward-looking” under the U.S. Private Securities Litigation Reform Act of 1995’s “safe harbor” provisions. These forward-looking statements can be identified by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. The quotations in this announcement, among other things, include forward-looking statements. ATRenew may also issue written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission (the “SEC”), its annual report to shareholders, press releases, other written materials, and statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about ATRenew’s beliefs, plans, and expectations, are forward-looking statements and involve inherent risks and uncertainties. Various factors could cause actual results to differ significantly from those projected in any forward-looking statement, including ATRenew’s strategies, future business development, financial condition, results of operations, ability to maintain relationships with major strategic investors, ability to facilitate pre-owned consumer electronics transactions and provide related services, ability to maintain and enhance brand recognition and reputation, general economic and business conditions globally and in China, and underlying assumptions. More information about these and other risks is available in ATRenew’s filings with the SEC. All information in this press release is current as of its date, and ATRenew does not commit to updating any forward-looking statement, except as required by law.
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SOURCE ATRenew Inc.
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