RLX casts smoke screen with new European acquisition, overseas revenue blip
The vaping company announced its recent purchase of 51% of a leading European distributor of smoke-free products and fast-moving consumer goods Key Takeaways: RLX said its revenue rose 14.8% year-on-year…
CTIHK luxuriates in shadow of China’s tobacco monopoly
The majority-owned unit of China National Tobacco Corp. reported double-digit profit and revenue growth last year, lighting a fire under its stock Key Takeaways: CTIHK’s profit rose more than 40%…
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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