Huanhuan Huishou: Technology Makes Stronger Impact with Billions of Financing

Huanhuan Huishou - the smart recycle platform has completed a one billion financing in 2018. This financing will be mainly invested in the user feedback program for phone recycling . In the future, it will continue to provide users with higher price for old phones. Despite the fact that Huanhuan Huishou established in 2016, its founder has 20 years of experience in the phone industry, and established the recycle platform with the aim of technology and environmental protection. Current business of Huanhuan Huishou includes the recycling of all electronic products, with customer service covering the whole country.


Waste phones with hundreds of billions of potential

According to the data released by the Ministry of Industry and Information Technology, the annual waste produced by electronic products in China have reached around 300 million. The recycling products mainly include phones, SLRs, notebooks, tablets, etc., but the domestic recycling rate of renewable resources is less than 2%, while the recycling rate of used electronics in the USA is 42%, and the recycling rate of used electronics in Hong Kong has reached 64%.

With users in high demand, and phone manufacturers is the supply end, if the used mobile phone replaced by the user is not recycled by the phone manufacturer, the resource will be wasted. According to the statistics of the domestic used phones in 2017, the recycling market of used phones has reached a scale of 100 billion yuan, and that market potential should not be underestimated.


Smart recycling to achieve new industry rule

Huanhuan Huishou adopts the Internet to rebuild the recycling chain for used mobile phones, challenging the traditional “User-Store-Company-Dismantling Station-Recycling Factory” model, improving the profit margin of users by shortening the recycling process, and solving the problem of price difference by cutting off the middleman.

As of October this year, the registered users of Huanhuan Huishou has reached more than 3 million, with business spread all over the country. From new-comer to millions of users, the founder of Huanhuan Huishou has rebuilt the recycling model with his own understanding of the industry, and relies on the Internet to quickly win the market.

In the future, Huanhuan Huishou will give full play to its advantages, use the existing recycling channels to prevent waste electronic products from becoming a source of global environmental pollution, lead the recycling industry chain to rise again, effectively combine resource with the Internet, and make environmental recycling a major force for technology advance!

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