Gasping Huabao’s profits go up in smoke
The vaping device and component maker warned it will report a pre-tax loss of up to 455 million yuan last year after taking up to 1 billion yuan in one-time…
RLX puffs out signs of new life, as investors remain wary
China’s leading vaping company said its revenue nearly tripled in the first quarter, though the figure remains well below levels from before a 2021 regulatory clampdown Key Takeaways: RLX’s revenue…
Up in smoke? Not exactly for Huabao, crown jewel of China’s ‘vaping queen’
Zhu Linyao emerged from more than a year of detention last week believed to be related to an anti-corruption campaign blowing through China’s tobacco industry Key Takeaways: Huabao’s chairman Zhu…
RLX gets smoked in fourth quarter, but sees clearer air ahead
The leading Chinese vaping company’s revenue plunged 82% in the last year’s final quarter, as it took a double blow from new regulations and widespread Covid disruptions Key Takeaways: RLX’s…
RLX Sees Chilly Times Ahead as China’s Vaping Sector Transitions
The country’s leading maker of electronic cigarettes and cartridges is having to reinvent its entire product line ahead of new regulations that take effect Oct. 1 Key Takeaways: RLX Technology…
RLX Burns Down, But Not Out, With New Licensing Announcement
China’s tobacco regulator allows the nation’s top vaping brand to manufacture at levels about 30% lower than its sales for last year Key Takeaways: RLX has received a new manufacturing…
Vaping Leader RLX Gets Doused by Latest Regulatory Wave
China has unveiled new rules banning flavored vapes and taken steps to standardize e-cigarettes in new efforts to bring more order to the sector Key Takeaways: Shares of RLX and…
