|Over a week ago|
AiHuiShou initiated with a Buy at BofA » 07:1107/1507/15/21
BofA analyst Joyce Ju…
BofA analyst Joyce Ju initiated coverage of AiHuiShou (RERE) with a Buy rating and $20 price target. As China's largest pre-owned consumer electronics transaction platform by distribution gross merchandise value, AiHuiShou's market leadership, industry-leading infrastructure and strategic partnership with JD (JD) and Kuaishou leave it best positioned to capture the growth potential of China's preowned consumer electronics transaction market, Ju tells investors.
AiHuiShou initiated with a Buy at Goldman Sachs » 05:1507/1407/14/21
Goldman Sachs analyst…
Goldman Sachs analyst Ronald Keung initiated coverage of AiHuiShou with a Buy rating and $20.80 price target. The company was China's largest pre-owned consumer electronics transactions and services platform in 2020, Keung tells investors in a research note. The analyst sees AiHuiShou as being well positioned to deliver 43% annual revenue growth over next three years as it benefits from "rapid" industry growth which he expects to quadruple in next decade.
AiHuiShou responds to China 14th Five-Year Plan for Circular Economy Development » 06:0307/1307/13/21
AiHuiShou announced its…
AiHuiShou announced its response to the 14th Five-Year Plan for Circular Economy Development released by the National Development and Reform Commission, or NDRC. The company pursues its mission "to give a second life to all idle goods," supporting the development of a circular economy. The company said, "As of March 31, 2021, the Company had donated pre-owned iPads procured from AHS Recycle worth over RMB0.6 million in value to elementary schools in rural areas to support local education, helping tens of thousands of students. On July 7, the NDRC pointed out that in this new stage of development, China must develop a circular economy by establishing a resource-recycling industrial system and a recycling system for discarded goods. This plan encourages the development of the online pre-owned transaction model, strengthens the management responsibilities of internet trading platforms, tightens the supervision of transactions, and encourages platforms to introduce third-party pre-owned transaction merchants. In addition, the plan highlights the importance to establish and improve the standards for identification, evaluation, and classification of pre-owned products such as vehicles, household appliances, and mobile phones to improve regulation and standardize the circulation and transactions for pre-owned goods. As an environmentally friendly company contributing to the recycling of pre-owned consumer products, ATRenew serves as an example for companies focused on environmental, social, and governance (ESG) criteria. The Company commits to the research and development of user data removal technology to ensure user privacy, extends the lifecycle of electronic products to reduce carbon emissions and environmental pollution, and improves the supply chain capabilities for pre-owned electronic devices to promote the sustainability and standardization of the industry. Currently, the company's business lines include AHS Recycle (China's leading online and offline offering for recycle and trade-in services primarily for reuse), PJT Marketplace (China's leading B2B marketplace for trading electronic products and services), and Paipai Marketplace (a retail marketplace for pre-owned products of certified quality) and AHS Device (the Company's international portal for pre-owned consumer electronics). Through the combination of AHS Recycle, PJT Marketplace, and Paipai Marketplace, ATRenew transacts with consumers and merchants on both the supply and demand side, integrating C2B, B2B, and B2C capabilities to cover the entire pre-owned consumer electronics value chain. ATRenew obtains pre-owned consumer electronics, processes the devices for resale through its proprietary inspection, grading, and pricing technologies at its operation centers, then distributes the processed devices to a variety of purchasers. By setting new industry standards, the Company makes transactions and services for pre-owned consumer electronics more user-friendly, standardized, and efficient. The number of consumer products transacted on the Company's platforms reached 23.6 million in 2020. These products were primarily consumer electronics, approximately 67.7% of which were mobile phones. According to the China Insights Consultancy, an independent research firm commissioned by the Company, China's pre-owned consumer electronics transactions and services market by total number of devices transacted to merchants and consumers is expected to grow at a compound annual growth rate of 23.7% from 2020 to 2025 and is forecasted to reach 545.8 million units by 2025. Currently, the penetration rate of consumer electronic devices relative to number of consumer electronic devices in circulation, which is calculated as: number of unique traded pre-owned devices divided by total number of devices in circulation, is still as low as 3.7% in 2020, implying significant growth potential."
|Over a month ago|
AiHuiShou falls -19.4% » 12:0006/2106/21/21
AiHuiShou is down -19.4%,…
AiHuiShou is down -19.4%, or -$3.34 to $13.87.
AiHuiShou falls -12.7% » 10:0006/2106/21/21
AiHuiShou is down -12.7%,…
AiHuiShou is down -12.7%, or -$2.19 to $15.02.
Opening Day: WalkMe stock price falls following $287M IPO » 08:3406/1906/19/21
CYT, FEMY, AMAM, DNAY, TRMR, ATAI, IPSC, RERE, VERV, LYEL, ISPC, WKME, MOLN, CNVY, ALZN, FLYW, PAY, ZIP, DAWN, FIGS, OMIC, CNTA, DIDI, QNIU, RGCB, ELEV, CMSL, DNUT, YOU, GS, MS, JPM, AMZN, F, SAFO, HOOD
Backed by Insight Venture…
AiHuiShou opens at $18.28, IPO priced at $14 per share » 12:1606/1806/18/21
AiHuiShou operates a…
AiHuiShou operates a technology-driven pre-owned consumer electronics transactions and services platform in China.
AiHuiShou indicated to open at $17, IPO priced at $14 11:3406/1806/18/21
AiHuiShou indicated to open at $16, IPO priced at $14 » 11:2206/1806/18/21
AiHuiShou (RERE) priced…
AiHuiShou (RERE) priced 16.233M shares at $14.00. The deal range was $13.00-$15.00. Goldman Sachs, BofA and China Renaissance acted as joint book running managers for the offering. AiHuiShou operates a technology-driven pre-owned consumer electronics transactions and services platform in China.
AiHuiShou 16.233M share IPO priced at $14.00 » 09:1906/1806/18/21
The deal range was…
The deal range was $13.00-$15.00. Goldman Sachs, BofA and China Renaissance acted as joint book running managers for the offering.