After raising $105m Series E+ funding in September, China’s largest electronics recycling platform Aihuishou has reached $3bn in valuation. The Shanghai-based unicorn has also rebranded itself as Wanwu Xinsheng, which roughly translates to “a new life for everything" in Chinese, reflecting its ambition for further growth through deeper market penetration, new product segments and, for the first time, overseas expansion.By making it easy for consumers to trade-in their used gadgets, Aihuishou now wields a nearly 80% share of the secondhand electronic goods market forecast to reach RMB 1tn by th...
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