Second-Hand Goods

ATRenew Extends Quarterly Profit Streak as Diversification Push Gains Stream

Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance.

Xianyu Sells Second-hand Products Personally, Starting with iPhone

Xianyu announced the official launch of its "Help Selling" service and decided to personally enter the second-hand market for mobile phones, digital products, and luxury goods.

Used Luxury Fashion Platform Plum Bags C Round of Financing Worth $100M

Plum, a used luxury fashion e-commerce platform, announced on November 1 that it had completed a C round of financing worth $100 million. Zhuanzhuan, a Tencent-backed leading used goods trading marketplace in China, made the strategic investment.

Alibaba Replaces Manager of Second-Hand Goods Platform Xianyu

Jin Ke, the general manager of Xianyu, a second-hand goods platform owned by Alibaba Group, was officially transferred to AliExpress last week. At present, Alibaba Vice President Liu Bo is directly responsible for Xianyu.

China VC Weekly: AI, Used Cars and Neuromedicine

Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.

JD.com To Invest $500 Million in Second-Hand Goods Recycling Platform Aihuishou

China's e-commerce giant JD.com’s second-hand commodity trading platform "Paipai" will undergo a strategic merger with China's largest electronic product recycling platform "Aihuishou".

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