Huabao takes big write-offs, falling into the red

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 expands abroad

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…