专栏咏竹坊

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

The latest announcement from RLX Technology Inc. (RLX.US), China’s equivalent U.S. vaping pioneer Juul, is giving investors a clearer picture on how new regulations in its home market will affect the company. Our analysis shows the company believes its business will drop by 30% or more this year under the new rules, which are part of a broader wave of initiatives to reduce or stamp out vaping around t