ATRenew Inc. operates the largest pre-owned consumer electronics transaction platform in China, combining integrated online marketplaces and offline retail stores where individual consumers and third-party merchants buy and sell refurbished devices. The company generates revenue through marketplace transaction commissions and service fees, inspection and grading services powered by proprietary data technologies, refurbishment and resale of pre-owned electronics, and after-sales services. The platform facilitates the circular economy for consumer electronics by sourcing inventory from direct consumer procurement, manufacturer partnerships, and third-party merchants, with operations centered on mobile devices but expanding into laptops, tablets, luxury goods, and other consumer electronics across China and emerging international markets.