According to Aihuishou’s prospectus, from 2018 to 2020, Aihuishou’s three-year cumulative loss was 1.38 billion yuan. In the first quarter of 2021, Aihuishou’s net loss was 90 million yuan. Although compared with the loss of 120 million in the same period last year, it has narrowed, but it has not yet gotten rid of the curse of loss. Different from other asset-light models, choosing to heavily store supply chain capabilities and developing offline stores means more . As of May 26, Aihuishou has reached 800 offline stores.
To a certain extent, improving the coverage of offline stores can expand the physical radius of service users, but it also increases the pressure on platform operations and faces the risk of cash flow shortages. Secondly, second-hand e-commerce generally faces problems such as non-standardization and poor reputation in the industry. In the process of second-hand commodity trading, the lack of communication between buyers and sellers may lead to deviations in the buyer's cognition of the commodities, which may easily lead to transaction disputes.