This article only represents the author's own views.
Trading in second-hand goods was traditionally a sign of thrift, practiced by people on tight budgets. But in China’s growing climate of consumer caution, such buying is becoming a new sort of chic, especially trade-ins that allow people to exchange their used goods for credit towards other purchases.
Such buying is becoming an increasingly important growth engine for recycling specialist ATRenew Inc. (RERE.US), whose latest quarterly report released Wednesday continued to show strong double-digit revenue growth, even as many other consumer segments report sharp slowdowns.
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