A RLX store in Beijing. The company raised US$1.4 billion during its initial public offering in January this year. Photo: Reuters
A RLX store in Beijing. The company raised US$1.4 billion during its initial public offering in January this year. Photo: Reuters

Shares of RLX, China’s largest e-cigarette brand, plunge in New York on news Beijing might tighten regulations

  • Draft regulations posted by Ministry of Industry and Information Technology suggest it will seek to regulate these products similarly to ordinary cigarettes
  • RLX shares were trading 40 per cent lower on the New York Stock Exchange as of about 10am local time

A RLX store in Beijing. The company raised US$1.4 billion during its initial public offering in January this year. Photo: Reuters
A RLX store in Beijing. The company raised US$1.4 billion during its initial public offering in January this year. Photo: Reuters
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