SHANGHAI, Aug. 11,
2023 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the
"Company") (NYSE: RERE), a leading technology-driven pre-owned
consumer electronics transactions and services platform in
China, today announced it has been
named as a finalist for the Circular Transition Award in Reuters'
Responsible Business Awards 2023. ATRenew was selected in
recognition of its innovation and development of the circular
economy, and specifically for its expertise in pre-owned product
transactions and services.
Reuters' Responsible Business Awards recognize sustainable
business leadership worldwide. The awards celebrate outstanding
sustainable development strategies by highlighting companies that
have a genuine impact on business, society, and the environment.
The Circular Transition Award will go to a company that has adopted
a technology, initiative, or project that assists the business in
moving from a linear model to a circular one. The award is granted
based on data, disclosures, and investments which highlight this
emphasis on circularity, and it is important that the circular
model be scalable across the business and potentially across the
entire relevant sector. Reuters will announce the winner at a
ceremony in London on November 1, 2023.
Mr. Kerry Xuefeng Chen, Founder,
Chairman, and Chief Executive Officer of ATRenew, commented, "We
are proud to be recognized as a leader in the circular economy, and
are excited to hear that we have been named as a finalist for
Reuters' Circular Transition Award. This recognition is an
acknowledgment of our commitment to sustainable development, and to
our passion for the future growth of the circular economy in
China and across the globe. As we
continue to innovate and expand our business, we are excited to be
able to contribute to the advancement of environmentally
responsible business practices and drive sustainable economic
growth."
ATRenew has a rich history of pioneering sustainable solutions.
The Company's core business involves the recycling and reuse of
pre-owned consumer electronics, and has recently expanded to a wide
range of product categories including luxury handbags, camera
equipment, and gold. ATRenew is dedicated to establishing a
comprehensive circular system to break the cycle of waste, and aims
to replace this linear approach with one that prolongs the
life-cycle of existing products. In doing so, the Company hopes to
reduce carbon emissions, cut down on pollution, and ultimately
leave a positive impact on the environment and society.
About ATRenew Inc.
Headquartered in Shanghai,
ATRenew Inc. operates a leading technology-driven pre-owned
consumer electronics transactions and services platform in
China under the brand ATRenew.
Since its inception in 2011, ATRenew has been on a mission to give
a second life to all idle goods, addressing the environmental
impact of pre-owned consumer electronics by facilitating recycling
and trade-in services, and distributing the devices to prolong
their lifecycle. ATRenew's open platform integrates C2B, B2B, and
B2C capabilities to empower its online and offline services.
Through its end-to-end coverage of the entire value chain and its
proprietary inspection, grading, and pricing technologies, ATRenew
sets the standard for China's
pre-owned consumer electronics industry.
Investor Relations Contact
In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461
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SOURCE ATRenew Inc.