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ATRenew Inc. (RERE): A Bull Case Theory

We came across a bullish thesis on ATRenew Inc. on 21 Street Capital’s Substack. In this article, we will summarize the bulls’ thesis on RERE. ATRenew Inc.'s share was trading at $6.11 as of February 25th. RERE’s trailing and forward P/E were 38.13 and 8.08 respectively according to Yahoo Finance.

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ATRenew (RERE) is the dominant player in China’s pre-owned consumer electronics recycling market, operating the largest network in an overlooked but...