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ATRenew Announces Grand Opening of Paijitang Flagship Store in Shenzhen

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ATRenew (NYSE: RERE) has launched its Paijitang flagship store in Huaqiangbei, Shenzhen's premier electronics trade hub. The store showcases nearly 10,000 professionally inspected smartphones and operates as a front-end distribution center using a warehouse-to-retail model.

The store enhances ATRenew's B2B trading platform, Paijitang, which serves over 850,000 small and medium-sized businesses across China. The new model allows buyers to browse inventory, inspect devices, and complete purchases onsite, reducing inventory costs and cutting logistics delays by 3 to 5 days. This offline expansion complements their online platform, promoting industry standardization in the pre-owned consumer electronics market.

ATRenew (NYSE: RERE) ha lanciato il suo negozio di punta Paijitang a Huaqiangbei, il principale hub commerciale di elettronica di Shenzhen. Il negozio espone quasi 10.000 smartphone ispezionati professionalmente e funge da centro di distribuzione front-end utilizzando un modello di magazzino al dettaglio.

Il negozio potenzia la piattaforma di trading B2B di ATRenew, Paijitang, che serve oltre 850.000 piccole e medie imprese in tutta la Cina. Il nuovo modello consente agli acquirenti di sfogliare l'inventario, ispezionare i dispositivi e completare gli acquisti in loco, riducendo i costi di inventario e accorciando i ritardi logistici di 3-5 giorni. Questa espansione offline completa la loro piattaforma online, promuovendo la standardizzazione del settore nel mercato dell'elettronica di consumo usata.

ATRenew (NYSE: RERE) ha lanzado su tienda insignia Paijitang en Huaqiangbei, el principal centro comercial de electrónica de Shenzhen. La tienda exhibe casi 10.000 teléfonos inteligentes inspeccionados profesionalmente y opera como un centro de distribución de front-end utilizando un modelo de almacén a minorista.

La tienda mejora la plataforma de comercio B2B de ATRenew, Paijitang, que atiende a más de 850.000 pequeñas y medianas empresas en toda China. El nuevo modelo permite a los compradores navegar por el inventario, inspeccionar dispositivos y completar compras en el lugar, reduciendo los costos de inventario y acortando los retrasos logísticos en 3 a 5 días. Esta expansión offline complementa su plataforma en línea, promoviendo la estandarización de la industria en el mercado de electrónica de consumo de segunda mano.

ATRenew (NYSE: RERE)는 심천의 주요 전자 상거래 허브인 화치앙베이에 파이지탕 플래그십 매장을 열었습니다. 이 매장은 거의 10,000개의 전문 검사를 거친 스마트폰을 전시하며, 창고에서 소매로의 모델을 사용하는 전방 배급 센터로 운영됩니다.

이 매장은 ATRenew의 B2B 거래 플랫폼인 파이지탕을 강화하며, 이는 중국 전역의 850,000개 이상의 중소기업에 서비스를 제공합니다. 새로운 모델은 구매자가 재고를 탐색하고, 장치를 검사하며, 현장에서 구매를 완료할 수 있게 하여 재고 비용을 줄이고 물류 지연을 3~5일 단축시킵니다. 이 오프라인 확장은 온라인 플랫폼을 보완하며, 중고 소비자 전자 제품 시장에서 산업 표준화를 촉진합니다.

ATRenew (NYSE: RERE) a lancé son magasin phare Paijitang à Huaqiangbei, le principal pôle commercial d'électronique de Shenzhen. Le magasin présente près de 10 000 smartphones inspectés professionnellement et fonctionne comme un centre de distribution en front-end utilisant un modèle de magasinage au détail.

Le magasin renforce la plateforme de commerce B2B d'ATRenew, Paijitang, qui sert plus de 850 000 petites et moyennes entreprises à travers la Chine. Le nouveau modèle permet aux acheteurs de parcourir l'inventaire, d'inspecter les appareils et de finaliser les achats sur place, réduisant ainsi les coûts d'inventaire et raccourcissant les retards logistiques de 3 à 5 jours. Cette expansion hors ligne complète leur plateforme en ligne, favorisant la standardisation de l'industrie sur le marché de l'électronique grand public d'occasion.

ATRenew (NYSE: RERE) hat seinen Paijitang-Flaggschiff-Store in Huaqiangbei, dem wichtigsten Elektronikhandelszentrum von Shenzhen, eröffnet. Der Store präsentiert fast 10.000 professionell geprüfte Smartphones und fungiert als Front-End-Vertriebszentrum mit einem Lager-zu-Einzelhandels-Modell.

Der Store verbessert die B2B-Handelsplattform von ATRenew, Paijitang, die über 850.000 kleine und mittelständische Unternehmen in ganz China bedient. Das neue Modell ermöglicht es Käufern, das Inventar zu durchsuchen, Geräte zu inspizieren und Käufe vor Ort abzuschließen, wodurch die Lagerkosten gesenkt und logistische Verzögerungen um 3 bis 5 Tage verkürzt werden. Diese Offline-Expansion ergänzt ihre Online-Plattform und fördert die Standardisierung der Branche im Markt für gebrauchte Unterhaltungselektronik.

Positive
  • New flagship store expands physical presence in key electronics hub
  • Reduces logistics delays by 3-5 days
  • Large inventory of 10,000 professionally inspected smartphones
  • Serves extensive network of 850,000 SMB customers
Negative
  • None.

SHANGHAI, March 31, 2025 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven platform for pre-owned consumer electronics transactions and services in China, today launched the grand opening of its Paijitang flagship store in Shenzhen. Located in Huaqiangbei, the country's premier electronics trade hub, the store features nearly 10,000 professionally inspected smartphones, setting a new benchmark for transparency in the second-hand electronics market.

Paijitang, ATRenew's B2B trading platform, provides standardized and efficient transaction services to over 850,000 small and medium-sized businesses across China. The launch of its offline store enhances the platform's seamless online-to-offline integration, driving industry standardization and expansion.

"As a front-end distribution center, the Paijitang flagship store operates on a 'warehouse-to-retail model,' which enables buyers to browse inventory, inspect devices, and complete purchases onsite—helping businesses reduce inventory costs and minimizing logistics delays by 3 to 5 days," said Mr. Kerry Xuefeng Chen, Founder, Chairman, and CEO of ATRenew. "By offering a compliant and efficient sourcing solution, we are committed to fostering the long-term, sustainable growth of the pre-owned electronics industry."

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact
In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com

Cision View original content:https://www.prnewswire.com/news-releases/atrenew-announces-grand-opening-of-paijitang-flagship-store-in-shenzhen-302415453.html

SOURCE ATRenew Inc.

FAQ

What is the significance of ATRenew's (RERE) new Paijitang flagship store in Shenzhen?

The store showcases 10,000 inspected smartphones in Huaqiangbei electronics hub, serving as a distribution center that reduces logistics delays by 3-5 days and enhances B2B trading efficiency.

How many businesses does ATRenew's (RERE) Paijitang platform serve in China?

Paijitang serves over 850,000 small and medium-sized businesses across China with standardized transaction services.

What operational model does ATRenew's (RERE) new Shenzhen store use?

The store operates on a 'warehouse-to-retail model' allowing buyers to browse inventory, inspect devices, and complete purchases onsite.

How much does the new Paijitang store reduce logistics delays for RERE's operations?

The store's warehouse-to-retail model reduces logistics delays by 3 to 5 days.
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