Grammy and Love Recycling network deep cooperation

Abstract: Solid waste treatment Enterprise Grammy and electronic products recycling web site Love Recycling Network Environmental Protection Strategy Cooperation Conference held in Shanghai, Grammy further elaborated on its enhanced online recycling layout ideas. Grammy Chairman Xu Kaihua revealed that will participate in the Love Recycling network C-round

Solid waste treatment Enterprise Grammy and electronic products recycling web site Love Recycling Network Environmental Protection Strategy Cooperation Conference held in Shanghai, Grammy further elaborated on its enhanced online recycling layout ideas. Grammy Chairman Xu Kaihua revealed that will participate in the love Recycling network of C-round financing, with other parties to promote the development of the capital of Love Recycling network, and Grammy the original offline recovery system to form a synergistic resonance effect.

Love Recycling Network was founded in 2011, is committed to recycling mobile phones, laptops, SLR cameras, is currently the largest online recycling of electronic products Web site, in 2012 by the morning Hing Venture to invest 2 million dollars a round of financing, 2014, by the World Bank's IFC800 million dollar B round financing.

According to the strategic cooperation agreement between the two sides, the cooperation at three levels: first of all, love recycling will be the online recycling of End-of-life mobile phones, notebooks, batteries and other electronic products and accessories to Grammy for processing, Grammy agreed to its harmless environmental treatment. Second, love recycling and green United States to establish long-term brand cooperation and common construction of marketing system and recycling service system. Third, love recycling and Grammy to maintain the capital and equity level of cooperation opportunities, the two sides maintain active communication and consultation.

From the love of recycling network data show that, although in recent years, mobile phone replacement frequency speed up, but the business volume of recycling mobile phones accounted for only the market capacity of percent, the future space is huge. The number of recycled mobile phones is close to 2000, of which about 300-400 are discarded. According to Love Recycling CEO Chen She said that the current business growth faster, November business volume is already more than 3 times times in July.

"Online recycling can be seen as a kind of cloud recovery that solves the problem of the last kilometer of the recycling process." "Xu Kaihua said that the significance of this cooperation is not only the increase in the amount of waste electronic products processing, but also to promote the company from the existing multi-level online recycling network to establish a network covering the whole country e-commerce recovery, strengthen the company's electronic waste and other urban mining recycling industry, the raw material security system construction.

China Merchants Securities Research report shows that the total amount of electronic waste treatment is insufficient, and the treatment depth needs to be improved. After the implementation of the Recycling fund system, China's electronic waste processing rapid growth in 2013, China through the regular channel disposal of electronic waste amount to 43 million units, the 2014 processing capacity is expected to reach 60 million units, less than the theoretical scrap, the treatment structure of the main television. In addition, electronic waste treatment and comprehensive utilization level is not high, there is a large waste. In view of the current situation of this industry, the company actively expands its capacity, expands its market share, and enlarges its research and development efforts, gradually realizing the deep treatment of electronic waste and increasing the recovery rate of resources. The future of electronic waste subsidies and increase the scope of the trend, in the industry boom in the context of upgrading the company's electronic waste dismantling is also expected to accelerate volume.