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

The country’s leading maker of electronic cigarettes and cartridges is having to reinvent its entire product line ahead of new regulations that take effect Oct. 1 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 By Doug Young RLX Technology Inc. (RLX.US), China’s leading maker of vaping devices,…

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Betters Medical Looks Ailing Going Into Hong Kong IPO

The medical equipment maker faces several risks, including reliance on a single product type and potential liability for failing to meet terms of an investor agreement Key Takeaways: Betters Medical has launched a Hong Kong listing, relying on high-margin microwave ablation needles as its major revenue contributor The company could face liability of tens of millions of yuan for failing to meet terms of an agreement with one of the investors in its Series C funding, though the agreement will be cancelled if the company lists successfully By Molly Wen…

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