“O2O” (online to offline) classification recycling is a new recycling mode. It is premised on the double lines of online service platform and offline recycling service system, thus forming a pattern of online disposal and offline trading. This mode is capable of integrating upstream and downstream resources on the network platform, creating a recycling and processing mode for the entire industry chain of waste sorting, and developing a circular development mode featuring “resources-products-waste-renewable resources” to realize the recycling of resources. In this paper, the abovementioned recycling mode is constructed using the dynamic method. Taking the recycling of electronic waste (e-waste) as an example, on the basis of the original recycling, an online recycling mode is added and the e-waste is reprocessed by means of classification. Besides, the final process of manufacturing is put into the market for new products. By comparing the efficiency of different classification processing channels and the efficiency of O2O recycling, it was found out that the higher the product quality, the higher the recycling efficiency, and the efficiency of online recycling was concluded due to offline recycling. The system effect is evaluated according to the environmental index. In addition, this paper demonstrates the applicability of the mode by introducing Gree Corp. The results of this research are believed as contributory to improving the efficiency of recycling and remanufacturing at corporate level. It also provides a valuable reference for the improvement of e-waste management work for governments both in China and other countries.