Aihuishou
Bidding-based C2B platform for recycling and selling second-hand electronic items such as mobile phones.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 | round | |
| investor investor investor investor investor | €0.0 Valuation: €0.0 4.6x EV/Revenue -37.4x EV/EBITDA | round | |
| investor investor investor investor investor | €0.0 Valuation: €0.0 3.7x EV/Revenue -141.4x EV/EBITDA | round | |
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| CNY | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 24 % | 60 % | 27 % | 31 % | 26 % | 25 % | 24 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (3 %) | (12 %) | (8 %) | 1 % | 2 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (10 %) | (10 %) | (25 %) | (1 %) | - | 1 % | 2 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 3 % | 3 % | 2 % | 2 % | 1 % | - | - |
Source: Company filings or news article, Equity research estimates
Related Content
ATRenew, formerly known as Aihuishou, operates a circular economy model focused on the recycling and resale of pre-owned consumer electronics in China. The company's primary business involves purchasing used electronics, such as mobile phones, from consumers and businesses. These devices are then processed through a network of operation centers where they undergo standardized inspection, grading, and refurbishment before being resold.
The business structure incorporates both consumer-to-business (C2B) and business-to-business (B2B) models. Through its online platforms and offline store network, the company facilitates the collection of devices from individuals. It also operates Paijitang, a B2B platform for secondhand electronics sellers, expanding its reach within the supply chain. A key strategic partnership with e-commerce giant JD.com provides a significant channel for device sourcing and sales.
Revenue is generated from the resale of these refurbished electronics through its various channels. The company's end-to-end system, from recycling to resale, positions it within the growing market for secondhand goods, driven by consumer demand for affordable electronics and an increasing emphasis on sustainable consumption.
Keywords: electronics recycling, circular economy, secondhand market, C2B, B2B platform, consumer electronics, resale, refurbishment, pre-owned devices, supply chain
