China brings e-cigarettes under tobacco monopoly law [Reuters]
RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX)
Company Research
Source: Reuters
The cabinet order, published on the Chinese government's website and signed off by Premier Li Keqiang, comes into effect immediately. A number of Chinese e-cigarette companies have been set up in recent years to tap into domestic sales potential, among them market leader RLX Technology Inc (RLX.N) RLX, whose shares closed 1.8% higher on Friday, said on its official WeChat account that it would heed the rules and make any required changes. Chinese regulators in March flagged plans to bring the rules governing the sale of e-cigarettes and other new tobacco products into line with those for ordinary cigarettes. They had previously been in a regulatory grey area. China's tobacco industry is controlled entirely by a government monopoly, and strict controls determine which companies and retailers can produce and sell cigarettes. The government outlawed the sale of e-cigarettes to minors in 2018 and banned online sales the following year, while Chinese state media have warned of
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RLX
News
- RLX Technology Files 2023 Annual Report on Form 20-FPR Newswire
- Unspoken Battle: The Cybersecurity Imperative For Protecting Executives [Forbes]Forbes
- The Critical Role Of Cybersecurity In Election Years [Forbes]Forbes
- RLX Technology Inc. (NYSE: RLX) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
- RLX: Focus On Both Q4 Results And Outlook (Rating Upgrade) [Seeking Alpha]Seeking Alpha
RLX
Sec Filings
- 4/19/24 - Form 6-K
- 4/19/24 - Form 20-F
- 3/21/24 - Form 6-K
- RLX's page on the SEC website