Tobacco Regulations in China Updated, E-Cigarette Industry Affected
The government of China has announced that there would be updates on their tobacco regulations following the rise of the e-cigarette industry in the country and the e-cigarette makers aren’t happy about it. In fact, on the day the news was announced, RXL Technologies’ stock dropped by 40%.
Just last year, the government introduced 2 policy initiatives. The first one is about banning the sales of e-cigarettes online and the prohibition of its online marketing. The second one was about the investigation of e-cigarette safety.
Further details of the plan have not yet been announced. Despite that, investors have …






