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Benzinga
Benzinga
Business
The Bamboo Works

RLX Sees Chilly Times Ahead as China's Vaping Sector Transitions

Key Takeaways:

  • RLX Technology reported its revenue fell 12% in the second quarter as it sold down inventory that will become obsolete after new vaping regulations take effect next week
  • The company said it’s off to a ‘slow start’ for its new product line that complies with China’s new vaping regulations
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