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Organization and Principal Activities
12 Months Ended
Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Organization and Principal Activities

1.

Organization and principal activities

Description of Business

ATRenew Inc. (previously AiHuiShou International Co. Ltd.) (the “Company”) was incorporated under the laws of the Cayman Islands on November 22, 2011. The Company through its wholly-owned subsidiaries, variable interest entity (“VIE”) and VIE’s subsidiaries (collectively, the “Group”) primarily sell pre-owned consumer electronics through its online platforms and offline stores, and provide services to third-party merchants to sell the products through its platforms. The Group’s principal operations and geographic markets are in the People’s Republic of China (“PRC”).

As of December 31, 2021, the Company’s major subsidiaries, VIE and VIE’s subsidiaries are as follows:

 

 

 

 

 

Date of

incorporation/

establishment

 

Place of

incorporation/

establishment

 

Percentage of

direct/indirect

ownership

 

Subsidiaries

 

AiHuiShou International Company Limited

 

January 13, 2012

 

Hong Kong

 

100%

 

 

 

Shanghai Aihui Trading Co., Ltd (“Shanghai Aihui”)

 

August 16, 2012

 

Mainland China

 

100%

 

 

 

AHS Device Hong Kong Limited

 

March 8, 2017

 

Hong Kong

 

100%

 

VIE and VIE’s

subsidiaries

 

Shanghai Wanwuxinsheng Environmental Protection Technology Group Co., Ltd.

   (previously Shanghai Yueyee Network Information Technology Co., Ltd)

   (“Shanghai Yueyee” or “Shanghai Wanwuxinsheng”)

 

May 21, 2010

 

Mainland China

 

VIE

 

 

 

Shanghai Yueyi Network Information Technology Co., Ltd (“Shanghai Yueyi”)

 

September 6, 2015

 

Mainland China

 

100%

 

 

 

Changzhou Yueyi Network Information Technology Co., Ltd (“Changzhou Yueyi”)

 

June 23, 2017

 

Mainland China

 

100%