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ATRenew sees big potential in new Apple partnership

The company said its inclusion in the iPhone maker’s recycling program could eventually add as much as 1.5 billion yuan annually to its top-line revenue

This article only represents the author's own views.

It was all about Apple in the latest quarterly report from ATRenew Inc. (RERE.US), which makes its living by recycling used smartphones and a growing stable of other second-hand products.

Not the fruity apple, mind you, but rather Apple Inc. (AAPL.US), the world’s most valuable company. The headline news was a new recycling partnership between the two companies, which will undoubtedly play well to the environmental crowd. But the bigger headline for investors was the partnership’s potential revenue benefit to ATRenew, which we’ll get to shortly.

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詠竹坊

詠竹坊(官網鏈接)提供在香港和美國上市的中國企業相關新聞,重點關注中小企業和籌備上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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