ATRenew Inc. Sponsored ADR (RERE) has released an update.
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ATRenew Inc., a leader in China’s pre-owned electronics market, has reported a 27.4% revenue increase in Q2 2024, achieving RMB3.77 billion, with a significant reduction in operational losses compared to the same quarter last year. The company also noted a rise in the number of consumer products transacted and announced an expanded share repurchase program, signaling strong growth and a commitment to shareholder value. These positive developments come alongside strategic partnerships, such as the renewed cooperation with JD.com, and initiatives to enhance customer experiences in the second-hand market.
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