RLX falls hardBig shakeup in Chinese tobacco market.....Seems like there will be a push for more traditional cigs...Horizons well positioned if........
Recently, several e-cigarette companies have been emerging in China following the overseas success of Juul, with RLX being the most successful, raising $1.4 billion in an IPO in January.
Nonetheless, this could become a painful reality for the company, considering that China’s tobacco company is controlled by a government monopoly that has strict controls surrounding who can produce and sell cigarettes.
https://cnafinance.com/rlx-stock-rlx-technologies-tumbles-on-regulatory-news/