Wan Jiao's questions to ATRenew Inc (RERE) leadership • Q1 2025
Question
Wan Jiao from China International Capital Corporation asked for an update on the progress of AHS Recycle store openings in the first quarter, in light of the company's full-year target to add a net of 800 stores.
Answer
Founder, Chairman & CEO Kerry Chen reported that as of Q1-end, the total AHS Recycle store count reached 1,886, a net increase of 458 year-over-year. He noted a strategic conversion of some joint-operated stores to self-operated in key cities to better manage subsidy-driven demand. Additionally, the door-to-door fulfillment team was expanded to 1,000 people to enhance face-to-face service capabilities, which have higher customer satisfaction.