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Benzinga

Business

Adam Eckert

What's Going On With RLX Technology Shares Today?

RLX RLX Technology NYSE

RLX Technology Inc (NYSE:RLX) shares are plunging Friday after the company reported fourth-quarter financial results.

RLX said fourth-quarter revenue grew 17% year-over-year to RMB1,904.4 million ($298.8 million). The increase was primarily due to an increase in net revenues from sales to offline distributors, which was mainly attributable to the expansion of the company's distribution and retail network.

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