AHS Recycle net added 13 self-operated stores and 28 jointly operated stores in October, further expanding its trade-in service and retail network. AHS Recycle’s jade in-store recycling under the multi-category recycling business was well received by users, and the store appointment calendar was updated to serve 16 cities across the country in October.

AHS Recycle collaborates with an increasing number of consumer brand owners while rolling out the “Revive Initiative.” In October, it joined hands with Milkground, Kellogg’s, Fornet, ChaPanda, Meituan Qingshan, etc. to promote the recycling, classification and reuse of recyclables such as plastics, paper products, packaging goods, and fabrics among residents. Users are encouraged to redeem physical gifts or vouchers provided by brand owners to jointly practice a sustainable circular economy.

In October, PJT Marketplace team brainstormed its strategy 2.0 to further leverage its infrastructure capabilities of the pre-owned consumer electronic products transaction industry. PJT aims to optimize the merchant service model on the supply side, integrate quality inspection standards and pricing capabilities on the processing side, and enhance the experience for users during the sales process. Previously, the management of ATRenew addressed at a public meeting that PJT, its B2B trading platform, had joined forces with Douyin e-commerce to empower more small and medium-sized businesses to thrive in the new retail landscape by leveraging PJT’s leading second-hand consumer electronics supply chain.

The founding ceremony of China Resources Recycling Group Co., Ltd., a centrally administered state-owned enterprise, was held in Tianjin on October 18. According to Xinhua News Agency, this newly established central enterprise will specialize in resource recycling and undertake the important tasks of building a national, functional resource recycling and reuse platform. “The registered capital of the enterprise is 10 billion yuan ($1.4 billion), with the State-owned Assets Supervision and Administration Commission of the State Council representing the State Council in fulfilling the responsibilities of the investor.” “The establishment of the company is an important decision and arrangement made by the CPC Central Committee to perfect an economy that facilitates green, low-carbon, and circular development, and advance the building of a beautiful China on all fronts, said Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee