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The company launched in 2011 as ATRenew as a recycling service for mobile phones. Over time, it expanded its focus to include a broader range of consumer electronics, gradually increasing its physical and online presence across China. In 2015, AiHuiShou began collaborating on trade-in programs with JD.com and Xiaomi.
In 2017, AiHuiShou started automating its operational systems and established an operation center in Changzhou. In 2018, AiHuiShou launched a B2B trading platform for pre-owned consumer electronics.
In June 2019, AiHuiShou integrated JD.com's Paipai Marketplace, enabling AiHuiShou to manage JD.com's second-hand, idle, inventory, and resale businesses within the 3C (computer, communication, and consumer electronics) categories. On September 22, 2020, AiHuiShou rebranded to ATRenew (All Things Renew) and launched AHS Recycle, offering recycling services through chain stores, self-service kiosks, and online platforms.
On June 18, 2021, ATRenew went public on the NYSE. In 2022, ATRenew's largest and most automated facility, the Dongguan Automation Operation Center, began operating. By the end of 2022, ATRenew had established eight major regional operation centers, located in Dongguan, Changzhou, Wuhan, Chengdu, Tianjin, Xi'an, Shenyang, and Hong Kong. In the second quarter of 2022, ATRenew launched its "multi-category" strategy, expanding its recycling services to include photographic equipment, bags, watches, gold, prestige liquors, shoes, and other items through its physical stores.
In June 2023, ATRenew began collaborating with Apple Inc. for its recycling and trade-in services available on Apple's official website and in offline flagship stores across China. In the same year, ATRenew joined the United Nations Global Compact (UNGC).