There was a net increase of 47 AHS stores in June, all were jointly operated stores, in either standard format or store-in-store format. These new consumer recycling touchpoints were mainly located in Hefei, Wuhan and Hangzhou in eastern China and Suzhou, Xi’an and Lianyungang in China’s central region. In terms of city-level operation station, some self-operated ones were turned into franchises, the front-end business group managed both. Besides, the middle-office team also selectively cultivates roughly a dozen self-operated stations. Overall, the Company focuses on penetrating lower-tier cities in southern, central and northern China. The combination of store and city station networks fortifies the core toC and toB capabilities across local markets, which drives the formation of ATRenew’s city clusters.
PJT Marketplace opened up its retail section to POP merchant users of Paipai Marketplace in June. When the POP merchants place orders, the listings will be transferred to a cloud platform of Paipai before shipping, providing a convenient procurement experience and operational support for retailers. At present, the service has run through testing and will benefit both merchant users and consumers.
Paipai Marketplace realized a second peak during the “618 Grand Promotion”. Between 8 pm, June 17 to 12am, June 18, the recycling and trade-in orders placed through JD.com surged by 340% and 246% year-on-year, respectively. Total GMV for Paipai Marketplace went up by 152%, while the growth rates of GMV for smartphones, laptops and tablets, and luxury goods recorded 139%, 155% and 440% year-on-year, respectively. ATRenew is committed to promoting economic electronics shopping options while promoting a green lifestyle and acquiring greater consumer mindshare.
On June 21, ATRenew announced the launch of its data wiping corporate solution leveraging the proprietarily developed “iCleanMaster” tool (“爱清除”), which supports the deep removal of single and batch data by upgrading the privacy data removal algorithm for enterprise data security needs. After 4 years of independent research and development iterations, “iCleanMaster” is now ADISA certified. It supports mobile phones, tablets and laptops, desktop computers, and is compatible with IOS and Android systems, helping businesses and enterprises to ensure data privacy and security.