RERE | Jotup

ATRenew Announces US$20 Million Share Repurchase Program

Retrieved on:

Tuesday, March 12, 2024

RERE, Share repurchase, Electronics, Cryptocurrency

SHANGHAI, March 12, 2024 /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 that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$20 million of its shares over a twelve-month period.

Key Points:

SHANGHAI, March 12, 2024 /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 that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$20 million of its shares over a twelve-month period.
The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations.
The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
The Company expects to fund the repurchases out of its existing cash balance.

ATRenew Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Tuesday, March 12, 2024

Growth, Recycling, Trust, AHS, COVID-19, Asset, Electronics, Acquisition, ADS, Investment, GAAP, RERE, Share repurchase, Marketing, Cryptocurrency

Total net revenues grew by 29.9% to RMB3,873.6 million (US$545.6 million) from RMB2,981.2 million in the fourth quarter of 2022.

Key Points:

Total net revenues grew by 29.9% to RMB3,873.6 million (US$545.6 million) from RMB2,981.2 million in the fourth quarter of 2022.
Loss from operations was RMB16.7 million (US$2.4 million), compared to a loss from operations of RMB2,210.6 million in the fourth quarter of 2022.
Adjusted income from operations (non-GAAP)[1] was RMB81.6 million (US$11.5 million), compared to RMB34.6 million in the fourth quarter of 2022.
Number of consumer products transacted[2] was 8.5 million, compared to 7.5 million in the fourth quarter of 2022.

ATRenew to Report Fourth Quarter and Full Year 2023 Financial Results on March 12, 2024

Retrieved on:

Tuesday, February 27, 2024

Electronics, RERE

SHANGHAI, Feb. 27, 2024 /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 that it plans to release its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 12, 2024.

Key Points:

SHANGHAI, Feb. 27, 2024 /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 that it plans to release its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 12, 2024.
The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Tuesday, March 12, 2024 (08:00 P.M. Beijing Time on the same day) to discuss the financial results.
Listeners may access the call by dialing the following numbers:

Yunji Announces Appointment of New Independent Director

Retrieved on:

Monday, January 1, 2024

Accounting, RERE, YJ, Certified Public Accountant, Shanghai Jiao Tong University, Management

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji.

Key Points:

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji.
Mr. Chen Chen has served as a director of ATRenew Inc. ("ATRenew") (NYSE: RERE) since May 2021.
Prior to joining ATRenew, Mr. Chen served as the chief financial officer of Yunji Inc. from May 2018 to December 2020.
Mr. Chen currently also serves as an independent director and the chairman of the audit committee of Q&K International Group Limited, and an independent non-executive director and the chairman of the audit committee of Zhou Hei Ya International Holdings Company Limited (HKEx: 1458).

ATRenew Inc. Reports Unaudited Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 22, 2023

SHANGHAI, Nov. 22, 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 its unaudited financial results for the three months ended September 30, 2023.

Key Points:

SHANGHAI, Nov. 22, 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 its unaudited financial results for the three months ended September 30, 2023.
Adjusted income from operations (non-GAAP)[1] was RMB73.8 million (US$10.1 million), compared to RMB10.8 million in the third quarter of 2022.
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "During the third quarter of 2023, we exceeded expectations in terms of revenue and non-GAAP income from operations.
For the fourth quarter of 2023, the Company currently expects its total revenues to be between RMB3,730.0 million and RMB3,830.0 million.

ATRenew to Report Third Quarter 2023 Financial Results on November 22, 2023

Retrieved on:

Wednesday, November 8, 2023

Electronics, NYSE, RERE, Video game, Holding company, Music

SHANGHAI, Nov. 8, 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 that it plans to release its unaudited financial results for the third quarter of 2023 before the U.S. market opens on Wednesday, November 22, 2023.

Key Points:

SHANGHAI, Nov. 8, 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 that it plans to release its unaudited financial results for the third quarter of 2023 before the U.S. market opens on Wednesday, November 22, 2023.
The Company's management will hold an earnings conference call at 07:00 A.M. Eastern Time on Wednesday, November 22, 2023 (08:00 P.M. Beijing Time on the same day) to discuss the financial results.
Listeners may access the call by dialing the following numbers:

ATRenew Recognized by the Reuters Responsible Business Awards 2023

Retrieved on:

Wednesday, November 8, 2023

Electronics, Recycling, Environment, Social responsibility, Carbon, NYSE, ESG, RERE, Management

SHANGHAI, Nov. 8, 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 its recognition by the Reuters Responsible Business Awards 2023 in the Circular Transition category.

Key Points:

SHANGHAI, Nov. 8, 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 its recognition by the Reuters Responsible Business Awards 2023 in the Circular Transition category.
ATRenew was 'Highly Commended' by the independent panel of 25 expert judges, underscoring its commitment to sustainability and responsible business practices.
Established in 2009, the Reuters Responsible Business Awards serve as a standard for sustainable business leadership, recognizing influential companies worldwide for their contributions to business, society, and the environment.
See the winners for 2023: https://events.reutersevents.com/sustainable-business/responsible-busine...
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are delighted to have been 'Highly Commended' by the Reuters Responsible Business Awards.

ATRenew Joins the United Nations Global Compact

Retrieved on:

Wednesday, September 20, 2023

Social responsibility, Sustainable Development Goals, United Nations Global Compact, Sustainable Development Goals and Lebanon, Disclosure, Ten Principles for the Establishment of a Monolithic Ideological System, United Nations, Environment, RERE, NYSE, Electronics, Management

SHANGHAI, Sept. 20, 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 that it has joined the United Nations Global Compact (the "UNGC") initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.

Key Points:

SHANGHAI, Sept. 20, 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 that it has joined the United Nations Global Compact (the "UNGC") initiative, a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices.
Launched in 2000, the UNGC is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 4,000 non-business signatories based in over 160 countries.
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are proud to join the United Nations Global Compact initiative, reaffirming our steadfast commitment to ethical practices, sustainability, and social responsibility as a core component of our corporate strategy.
We recognize and integrate the UNGC's Ten Principles into our day-to-day operations, and we are eager to make a meaningful contribution to the United Nations' Sustainable Development Goals.

ATRenew Inc. Reports Unaudited Second Quarter 2023 Financial Results

Retrieved on:

Wednesday, August 23, 2023

Social responsibility, Advertising, B2B, Share repurchase, Marketing, Electronics, ADS, Smartphone, ISO, COVID-19, AHS, Electricity, GAAP, RERE, B2C, ISO 9001, Investment, Risk, Growth, ESG, NYSE, Female, Cryptocurrency, Video game, Retail, Recycling, Apple, Paipai

SHANGHAI, Aug. 23, 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 its unaudited financial results for the second quarter ended June 30, 2023.

Key Points:

SHANGHAI, Aug. 23, 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 its unaudited financial results for the second quarter ended June 30, 2023.
Total net revenues grew by 38.1% to RMB2,963.7 million (US$408.7 million) from RMB2,145.7 million in the second quarter of 2022.
Loss from operations narrowed down to RMB61.0 million (US$8.4 million) from RMB168.2 million in the second quarter of 2022.
Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "During the quarter, we made another profitability breakthrough on the back of a strong recovery of revenue growth.

ATRenew Named as Finalist in Reuters' Responsible Business Awards 2023

Retrieved on:

Friday, August 11, 2023

Electronics, RERE, Recycling, Carbon, Gold, Investment, European Business Awards for the Environment, Growth, Environment, NYSE, Cryptocurrency, Reuters

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.

Key Points:

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.
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.
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."