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RLX - RLX Technology falls sharply after China e-cig crackdown
RLX Technology Inc. American Depositary Shares each representing the right to receive one (1) Class A
RLX Technology ([[RLX]] -43.0%) slides after China's Ministry of Industry and Information Technology posted an update that indicated tightened regulations for the cigarette industry will also be applicable to the electronic cigarette sector. The RLX development is also of interest to Altria ([[MO]] +1.2%) and Philip Morris International ([[PM]] +0.4%). RLX now trades below its IPO offering price.