2021 Global Technology Transfer Conference exhibitor Everything New Life (Love Recovery) Group went public on the NYSE yesterday!

2021 Global Technology Transfer Conference was successfully concluded on June 2 at Shanghai Exhibition Center! This year's conference aims to attract global innovation resources and think tanks to gather in Shanghai, showcase the innovation needs of Chinese enterprises, and create a place for global innovation needs to be integrated with global elites from various industries.

Yesterday, 2021 Global Technology Transfer Conference exhibitor: used consumer electronics trading and service platform Wanwangshi New Life (Love Recycling) Group (ticker symbol RERE) went public on the New York Stock Exchange at an offering price of $14, raising $261 million. Existing shareholders of RERE participated in the subscription, including $50 million from Windcreek, a subsidiary of Jingdong, and $50 million from Tiger Global. The proceeds will be used to enhance its technology capabilities, provide more diversified platform services, expand its store network, develop new sales channels for its patting platform and for other general purposes.

At the 2021 Global Technology Transfer Conference, the New Life Group showcased its five major business lines, including: Love Recycle, Patron, Pat Pat, AHS for overseas business and New Life Group's mission of "making the best use of unused items" and its vision of becoming "an innovator and leader in the global second-hand industry". We are a technology and service company based on the second-hand supply chain. With the principle of "supply chain capability-based, technology-driven, and open capability to empower the industry chain", we are building a global model of resonating social and commercial value.

With the IPO, Everything New Life Group has officially become the "No. 1 ESG stock in China". Everything New Life opened at $18.28, up 30.6% from the offering price; closed at $17.21, up 22.93% from the offering price; at the closing price, Everything New Life's market capitalization was $3.832 billion.

Although the 2021 Global Technology Transfer Conference has closed, supply and demand matching will continue, gathering high-quality enterprise resources, creating a supply and demand platform, accelerating the market allocation of technology elements, attracting the convergence and flow of global innovation elements, and continuously adding new momentum to the construction of an open innovation platform for enterprises!

Part of the material is sourced from: raydelivery.com

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