China Times (www.chinatimes.net.cn) reporter Lu Xiao reports from Beijing
The new life (Love Recycling) who is engaged in the second-hand electronics business rang his own bell to go to the United States.
On the evening of June 18, Wanwu Xinsheng announced that it would first publicly issue approximately 16.23 million ADS shares and begin trading on the New York Stock Exchange on June 18, U.S. stock time. The price of ADS is 14 US dollars per share, and the total issuance scale is approximately 227 million US dollars.
Love Recycling was established in 2011. At the end of May this year, the renamed Wanwu Xinsheng Group submitted a prospectus for the US.
According to the prospectus, as of March 31, 2021, the overall revenue of Wanwu Xinsheng Group in the past 12 months was 5.68 billion yuan, a year-on-year increase of 49.4%. In 2020, its overall revenue was 4.858 billion yuan, a year-on-year increase of 23.5% compared to 2019.
However, despite the increase in income, the new life, which was founded ten years ago, is still at a loss.
The prospectus shows that from 2018 to 2020, the net losses of New Life will be 208 million yuan, 705 million yuan, and 471 million yuan, totaling about 1.4 billion yuan. In the first quarter of this year, Wanwuxinsheng’s loss was close to 95 million yuan.
According to a reporter from China Times, the main business lines of New Life include the C2B mode of Aihui, B2B mode of shooting, C2B mode of shooting and overseas-oriented AHS Device four major businesses.
“China Times” reporters previously learned from Wanwu Xinsheng that among its 70,000 orders a day, the most profitable is the B2C business that trades more than 10,000 units a day. According to the reporter’s understanding, Wanwu Xinsheng’s B2C business came from the merger with Jingdong’s second-hand trading platform “Pai Pai” in June 2019.
However, compared to the more profitable C-end market, the revenue of All New Life mainly depends on the B-end market. The prospectus shows that Wanwuxin’s revenue is divided into self-operated product revenue and platform revenue. Among them, the revenue of self-operated goods in 2020 is 4.24 billion yuan, accounting for 87% of the total income of the new life. Among them, 88% of merchandise sales are sold to second-hand merchants on the B-end through Paijitang. In addition, the revenue of the B2B platform also reached 280 million yuan in service revenue.
Wanwu Xinsheng’s public financing record before the IPO stayed in the F round. Before the IPO, JD.com held a 34.7% stake in Wanwu Xinsheng, making it its largest shareholder. Its founder Chen Xuefeng holds 10.9% of the shares. When it completed the E+ round of financing of more than 100 million U.S. dollars led by JD.com in September last year, Chen Xuefeng once told reporters such as China Times, “The valuation of Aihuishou must be properly based on 40, 50 IPOs will be considered only on the volume of 100 million U.S. dollars.” However, based on a rough calculation of the price of 14 U.S. dollars, the market value of New Life is less than 4 billion U.S. dollars.
Behind the “anxious” listing of Wanwu Xinsheng, its own hematopoietic ability still needs to be improved. In 2019, 2020 and the first quarter of 2021, its operating cash flow was -62716,600 U.S. dollars, -63,016,600 U.S. dollars and -46,174,400 U.S. dollars. As of March 1, 2021, the cash and cash equivalents on its accounts were only 100 million U.S. dollars.
What needs to be mentioned is that Wanwu Xinsheng stated in the prospectus that the net proceeds from the IPO will be mainly used to further improve technical capabilities, provide more diversified platform services, expand the network of Aihuishou stores, and develop new platforms for the auction platform. Sales channels and used for working capital and general corporate purposes.
As of March 31, 2021, Wanwusheng operates 755 offline stores in 172 cities in China. Among them, 753 are love recycling shops and 2 are photo shops. At the same time, AHS Device, the overseas business brand of Wanwu Xinsheng, also covers Hong Kong, the United States, Japan, India and other regions

Illustration (Source: Internet). It’s been raining for over a week. The streets are empty, but in fact, no one is absent. Only a few shops and cars were parked on the sidewalk. New and old raincoats in colorful colors. Vehicles are clean and shiny with original paint colors. The street was clean, not a single stain of dirt from the construction works smeared everywhere. It took a long time to see the familiar asphalt color again. Hanoians for a few years have gotten used to the early mornings of cars spraying water to wash the streets wandering around the street. There is not a single street that does not have a truck carrying soil and sand passing through at night. But there has never been a dedicated vehicle to clean up the scattered sand. Still a few environmental workers wearing reflective yellow stripes early in the morning hunched their backs with dredged shovels. And the sprinkler truck lazily washed the blood-red water down the drain without ever being clean enough. The white shirt of people walking on the street early in the morning always turns into a flower shirt before arriving at work. The rain fell, and the storm was sullen. There were times when it erupted violently and then it was quiet and peaceful. Children going to summer school ride motorbikes behind their parents wearing double raincoats and fidgeting with their heads in adult helmets. A rare moment when children are so close to heaven and earth. Every day, she wears a mask and sunglasses, just like a parent on the street. In front of them, at the end of the way to school is an air-conditioned room with strict discipline like throughout the school year. The bigger the city, the less room there is for them. Looking at the children wandering on the streets at that time, it was not difficult to guess what education they received. Not sure it’s a disadvantage as people think? The night rain hurriedly plucked all the yellow leaves from the crown of the mother-of-pearl tree. Leaving the bright blue dawn on the streets. The pots of willow trees on the balcony on the street suddenly bloomed like fine salt sprinkled lightly on the cool green shirt. Peonies, late lilies, lilies and lilies intermingled with yellow daisies and pastel roses poured down the street. An unexpected unexpected flower season. The faces of people, the faces of flowers are radiant in the clear sky. It’s almost time to go to work in the morning, but people are still held back by the sidewalk flowers. Many of them stop to buy flowers to bring to the office. That’s the way Hanoi people play with flowers. Even though the market pragmatism has crept into every house and alley, flowers still have a very important place around them. No matter where. Many office rooms are now more regular than at home. Wanted to say something to the rain but didn’t know what to say. Had to borrow the lyrics of a talented musician in the long rain country, “I pray the rain pours down on the earth so that the seeds will grow soft …”.

Donald Trump Jr. and Kimberly Guilfoyle. In early March, Donald Trump Jr. – The son of former US President Donald Trump – and his girlfriend Kimberly Guilfoyle bought the villa valued at $ 19.9 million in 2017. Both bought a 1,000-square-foot property in Jupiter, Florida for only 9.7 million dollars. The new fortune of Donald Trump Jr. and girlfriend Kimberly Guilfoyle in beautiful Florida. This luxury villa is located in Admiral’s Cove in Jupiter, just 32km or 20 minutes drive north of Mar-a-Lago. This is also a close proximity to the home of the family of Donald Trump, Mrs. Melania and young son Barron. The villa area is up to 1000 square meters. The new home of Donald Trump Jr. make people overwhelmed by the luxury. The area of ​​this place is up to 1 thousand square meters with a natural park with lots of greenery, exquisite design, comfortable swimming pool, villa with up to 6 bedrooms, 11 bathrooms and luxurious furniture other. The tea room overlooks the swimming pool and the beautiful campus According to the media, the couple was eager to buy this villa, especially when it is a desirable place to stay at half the price of 4 years ago. Not only owns the mansion mentioned above, but the couple Donald Trump Jr. and Kimberly Guilfoyle also owns assets worth more than 300 million (recorded by Celebrity Net Worth ). They are an elite couple in America with a luxurious life that makes many people jealous. Pool outdoor. As a couple that many people love and expect to have a romantic wedding, but until now, Donald Trump Jr. and Kimberly Guilfoyle has not released any information regarding the date the two become officially married.

In the midst of modern life with bustling streets, somewhere in the heart of the capital, we still encounter images that are echoing from a time in the past …

… as reminding people to slow down, to glimpse nostalgia and reflect on a Hanoi with so many changes over the years.

The time to imprint on the roofs covered with moss, where the tumultuous lane has many changes.

Nostalgic features appear on the folds of houses in the old town, on the faces of people with thousands of years old.

Hanoi is a bit serious but equally charming as Hanoi girls.

The peaceful moments of Hanoi during the Christmas season make people feel like they feel relieved.

Transient in the deep gaze of the Hanoians, there are still many things that have not changed despite the years passing.

Rainy streets have become a very unique specialty of Hanoi and each person has a different way of enjoying it.

Every year, Hanoi goes through many flower seasons, each season is beautiful and poetic. If you are a Hanoian, someone has never embraced a bunch of Chrysanthemums in your hand – a delicate and delicate flower.

A feeling of peace in the chaos of modern urban life when we suddenly encounter a very simple and dear image.