Jul. 8 at 9:34 AM
the massive government trade-in subsidies for consumer electronics are clearly starting to show up in the earnings numbers.
$RERE managed to process 10.8 million products just in q1 alone, which is wild scale.
while retail is busy losing money on high-multiple ai bubbles, these boring circular economy plays are printing real cash flow off government policy tailwinds. if q2 revenue hits the projected 6.3B rmb, the current
$4 price tag is going to look like an absolute steal.
