Impacted by the global economic downturn and the cap of Internet penetration rate, both China and the Valley in USA faced their bottleneck period in terms of growth comparatively. USA, Europe and Japan have entered a stock economic time with large volumes earlier. History is always strikingly similar. Today, China has also entered a stock economic time featuring sale, sale and sale from the booming time of buy, buy and buy. By seizing the opportunity of idle economy, a small group of innovative enterprises are emerging and experiencing rapid growth. A USD100 billion market is being unveiled! China’s idle digital economy is emerging!

Investors planning to bet on the fast-growing stock economic market in China may eye on Huishoubao, the emerging unicorn, which is driven by both technical innovation and the industry chain. This company’s original intention is to make everyone to rethink the significance of idle items. With a mission to “Let Idle Return to Value”, Huishoubao is committed to facilitating the fast circulation of idle mobile phones across the globe, creating value by precisely matching, so as to eliminate waste of resources. Huishoubao revolutionizes the global secondhand electronics Market

  Second-hand mobile phone is a market with a value of USD100 billion, and China is the largest market across the globe in terms of both production and consumption. Only in China, the second-hand smart-phone market amounts to CNY100 billion, and it has been constantly growing. According to IDC, there are about 1.8 billion used smart-phones in China. However, the recycle rate of the used smart phones is below 5%, unmatched with the large size. And traditionally, second-hand smart-phones are recycled manually, featuring not only low efficiency but also difficulty in effective classifying. Even in USA and Europe, smart-phones are also recycled manually at a high cost. Today, experts at Huishoubao have developed a world-leading ATM for smart-phone recycling. By use of big data and AI and AI image recognition technologies, Huishoubao may automate the whole recycling process for second-hand smart-phones, from detection, valuation, recycling to payment.

Huishoubao’s ATM has achieved a significant result. It has been applied at different levels, and has generated huge social effect and influence. It can save a lot of human resource such as inspectors, couriers and financial staff responsible for payment. Used smart-phones recycled with ATM may achieve precise matching, rapid re-circulation and avoidance of waste. On the other hand, Huishoubao has also achieved breakthroughs in other technical aspects, empowering other recycling applications.

 Huishoubao has constantly been practicing their new creative ideas. They keep practicing their new creations and promote the same to the world all the time, and this has become an integral part of their gene (DNA). In the world of today, innovative competitiveness is a must for the most flexible, most adaptable and most successful companies, and they must constantly practice their new ideas, share the same, and most importantly, generate new ideas. Undoubtedly, Huishoubao will become the model in this area.

On the other hand, Huishoubao has arranged an advancing layout over the whole smart-phone industry chain so as to drive strong growth. In spite of a relatively low short-term profit margin, improvement in profit for new businesses and the synergistic effect across the wide range of business lines within the ecology may help it to see a potential growth in intermediate- to long-term profitability.

As the founder of Huishoubao, Leo He is an expert in supply chain. He has a forward prediction and good understanding about the industry, and has also excellent management experience in this industry. His last start-up project was to provide supply chain management services to clients in electronic information industry, which went public successfully in 2015. Huishoubao is his second start-up company. While the co-founder Ida Li has been included in the list of “30 under 30” for several time by Forbes China.

 A few months ago, Huishoubao received strategic investment from Alibaba in Round C. Furthermore, Alibaba has opened a traffic entrance with 700 million online users for Huishoubao. At the Idlefish platform of Alibaba, there are 150,000 used smart-phones circulating every day. But, among these used phones, only 50,000 are really flowing, and the other 100,000 are sunk. Huishoubao will be the critical part which will activate the 100,000 smart-phones every day on average, so Huishoubao has a huge imaginary space. More importantly, in spite of joining by a giant, Huishoubao has always been making independent decisions.

From the date on which it was founded, Houshoubao has been maintaining a distinctive thinking approach, because it is aware that, its existence is not for making money. This is very important, because such a pursuit may unite the whole large organization like one rope to innovate in the same direction. In the long run, compared with companies attaching importance on profits generated for investors in each quarter, Huishoubao performs much better, it is more alive, tougher and more creative.