BRIEF: Global expansion drives strong revenue growth at RLX
Chinese vaping company RLX Technology Inc. (RLX.US) reportedon Friday its annual revenue rose 73.3% last year to 2.75 billion yuan ($380 million), while its non-GAAP net profit rose 3.3% to…
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…
Rebounding RLX plots course beyond China
Tacking against regulatory headwinds in its home market, China’s leading vaping company has begun aggressively diversifying overseas Key Takeaways: RLX’s third quarter revenue rose 52%, as its gross margin rose…
Ispire finds success straddling U.S.-China divide. But are its cannabis dreams just hot air?
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: Recently listed Ispire co-CEO Michael Wang…
RLX stabilizes as air clears in new regulatory environment
Burned by a wave of regulation in China over the last two years, the e-cigarette maker says it’s hoping to find new growth overseas Key Takeaways: RLX Technology’s revenue totaled…
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…
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