By Doug Young
The latest financial report from recycling specialist ATRenew Inc. (RERE.US) shows continued progress on several fronts, including improving margins as it emphasizes more profitable businesses and tweaks a major partnership with global smartphone giant Apple (AAPL.US).
At the more macro level, the report’s highlights include the company’s significant deepening of ties with longtime e-commerce partner JD.com (JD.US; 9618.HK) through a major new multiyear agreement. That pairing, along with the Apple tie-up launched last year, are rapidly emerging as key partnerships for ATRenew as China aggressively rolls out new policies to achieve its twin goals of boosting consumption and promoting the circular economy.
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