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RLX puffs out signs of new life, as investors remain wary

Mon, 20 May 2024 06:03:50 +0000

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: By Doug Young After nearly being snuffed out by a cloud of new government oversight, leading vaping company RLX Technology Inc. (RLX.US) is showing signs of.....

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Ispire finds success straddling U.S.-China divide. But are its cannabis dreams just hot air?

Thu, 29 Feb 2024 04:31:05 +0000

The U.S.-based vaping company with China roots says its revenue could balloon over the next five years on the fast-growing cannabis market Key Takeaways: By Edith Terry When the recently listed Ispire Technology Inc. (ISPR.US) announced its latest quarterly results on Feb. 20, investors were underwhelmed by its story of the vaping market’s big.....

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Up in smoke? Not exactly for Huabao, crown jewel of China’s ‘vaping queen’

Fri, 14 Jul 2023 03:56:39 +0000

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: By Edith Terry When it comes to feasting on China’s lucrative state tobacco monopoly, Huabao International Holdings Ltd. (0336.HK) and its affiliated Huabao Flavours & Fragrances Co......

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RLX gets smoked in fourth quarter, but sees clearer air ahead

Mon, 13 Mar 2023 04:01:51 +0000

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: By Doug Young After getting severely burned for much of last year, Chinese vaping companies and their investors are looking forward to clearer air in.....

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Vaping Leader RLX Gets Doused by Latest Regulatory Wave

Wed, 27 Apr 2022 05:29:22 +0000

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 its peers fell sharply last month after China’s tobacco regulator announced a new ban on flavored vapes starting in May The group got a small.....

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