Key Takeaways:
ATRenew posted strong first-quarter revenue growth and predicted similar gains in the second quarter as China steps up a recent recycling campaign
The company’s stock has more than doubled from an early February low, part of a broader recent rally for U.S.-listed Chinese companies
By Doug Young
Uber Technologies Inc (NASDAQ: UBER) is introducing "Uber Cruises," offering free Seine river cruises from July 12 to August 3, and "Uber Bubbles," a champagne tasting day trip, during the Paris Olympics. To support these initiatives, Uber plans significant investments in driver incentives and rider discounts. The company expects to have 40,000 drivers available, aiming to accommodate the surge of over 15 million visitors