Electronics recycling platform Aihuishou eyes overseas growth

Aihuishou.com, one of China's largest electronics recycling platforms, plans to build a global online marketplace for trading secondhand digital items, marking an initial move to make inroads into overseas markets.

The Shanghai-based company will invest approximately $200 million to develop the platform and push for global expansion, Chen Xuefeng, CEO of the Shanghai-based company, said at a recent news conference in Beijing.

"The company is looking for suitable investment targets in Indonesia, Thailand and the United States," Chen said. So far, Aihuishou has already reached strategic cooperation with major trade markets for used digital products, such as Hong Kong, Dubai, Miami, India, Russia and Brazil.